Describe the two ways that media companies make money

Real-time ad widgets allow an advertiser to update the information on a website from their Twitter or email accounts to promote specials and coupons. We also learned about capital-intensive media content distributors such as cable companies, and that cable companies also provide voice and broadband services similar to telecoms. Does it own any other outlets?

How to Make Money on the Internet

The truth is that making money online isn’t ccompanies difficult as most make it out to. It does require some discipline. However, if you’re looking for realistic ways you can start earning money online now, then it really truly does boil down thhat seven paths you can take towards profit. Some will provide you with immediate results, helping you to address your basic monthly necessities such as rent, utilities and groceries, while others have the potential to transform your life by revolutionizing your finances in the long term. No matter what method you select for generating your online income, there’s one very important thing to understand.

Media Revenue Models

List the three important roles consumers play. Describe the role producers play. Write down the key terms that match the following definitions. List some of the factors that influence consumers’ decisions. What kinds of things will they pay a lot of money for?

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List the three important roles consumers play. Describe the role producers play. Write down the key terms that match the following definitions. List some of the factors that influence consumers’ decisions. What kinds of things will they pay a lot of money for?

What kind of ads do they respond to? How much resources cost? How far away describe the two ways that media companies make money they? Explain how culture influences consumers’ decisions.

Values and traditions Ex. Sports, holidays. List two forms that rational choice can. Describe how utility is used in cost-benefit analysis. List four nonmonetary considerations that influence consumers. List several different types of media.

TV influences people to be like the characters or celebrities. Magazines influence perceptions of beauty. Biggest method used to influence consumer behavior. Describe how free advertising works. Not advertising but informing people 7. Describe media scares. Explain why producers have a big incentive to use cost-benefit analysis and other tools of financial management. They want to make money and stay in business.

They could lose their producer status. Land, labor, and capital. Wages for workers, describe the two ways that media companies make money for land, money to buy materials. Describe how opportunity costs are related to profits.

You have to think about your choices to decide what will maximize profit? Explain the purpose of the production possibilities frontier. Shows producers who to set up production in an efficient manner, helps maximize efficiency Explain how market research helps producers maximize profits. Fill out the table below by naming the four different market structures, giving the characteristics of each, and providing an example for.

When economists think about market structures, they include market structures like pure monopoly and pure competition that are very rare in the real world. Why do economists spend time thinking about conditions that almost never exist? Explain why nearly every business gets involved with the media in some way. Describe what media companies provide and what advertisers are buying, and explain why there’s a difference. Media provides content and advertisers buy the audience. Media wants to attract an audience so they can sell the audience to advertisers.

They need to get people to use their products so advertisers will want to advertise there and they can charge. They measure through medium, circulation, and ratings. List the different ways that people get the money to open a business. Use own money, borrow money from bank, take on a business partner, have a third party invest 3. Describe the pros and cons of a sole proprietorship. Pros- completely in charge, income not corporate taxes, accounting simple, keep profits Cons- financial risks, 4.

Describe the difference between a general partnership and a limited partnership. General has each partner fully responsible for all debts and they must converse about decisions while limited is just the amount they contributed and only the partners that manage the business must converse 5. List the pros and cons of partnerships. Pros- more partners, more money to invest, only personal income taxes Cons- working together, 6. Describe why investing in a corporation is an easy and safe way to participate in a business.

Fill out the table below by listing and describing the three different types of corporations. Type of Corporation Description Private corporation Few people own all the shares, make profit. Describe why companies need a business model. To start a successful business, provides outline on how business will work and will have info that makes running business easier.

Fill out the table below by describing each of the business models listed. Business Description Model Shopkeeper Business goes through suppliers or a wholesaler to buy products they sell for a higher price. Bait and Offering basic product at a low cost and charging greater amounts for refills or hook equipment related to the product.

Subscription Customer pays for subscription and gets sent product, brings in a steady revenue and predictable profits w renewing. Cutting out Buying from manufacturer who sends them product directly the middleman Online Customers go to internet and look at products for sale by a variety of people auction Bricks and Stores and online shopping clicks. Econ Unit 2. Crush It! Satisfy needs and wants of consumers, provide goods and services.

What to produce, how to produce it, for whom to produce 4. Describe what producers have to understand about consumers in order to make their decisions.

Explain how workers play a dual role in economics. They provide goods and services and buy things too 6. Describe the role the government plays in economics. List some questions that producers ask as they make their decisions. Describe how producers conduct market research. Sports, holidays 6. Explain how peer pressure and trends influence consumers’ decisions.

Describe the purpose of using cost-benefit analysis. Maximizing benefits, minimizing costs 4. List the benefits of using a budget. Describe the difference between short-term and long-term planning. Short term involves keeping track of and covering all fixed expenses Long term is planning for the future, look at assets and income 6. Explain why both short-term and long-term planning are important. Costs and benefits are measured by satisfaction or utility 3. Describe the difference between monetary and nonmonetary considerations.

Explain how incentives affect the cost-benefit analysis. Increase the possible benefits 5. Explain why producers want to increase consumers’ utility. Explain how culture affects consumers’ values. Explain how the level of risk aversion affects consumers’ decisions. Mass media- magazines, cinema, newspapers, internet, CD News- TV news, radio news, newspapers, news magazines 3. Explain how media influence consumer behavior. Describe the purpose of advertising.

Describe four different advertising techniques. Emphasizing need by showing connection between product and life 2. Branding 3. Connecting to your personality, tell stories, associate good things w product 4. Free advertising 6. Describe the difference between how producers and consumers use cost-benefit analysis.

Producers only look at monetary affects. Describe how profit is calculated. Explain why producers must have the profit motive. To remain in business 6. Describe what the profit motive drives businesses to. Reduce costs, Increase sales 7.

Describe the inputs into production and explain why they cost money.

1. Blogging

And even then, it took centuries for print publishing to be refined and profitable. Join us as a subscriber. Although the Big Four dominate the recorded music industry, they have surprisingly little to do with live performances. The A. Popular Courses. Content producers are often aggregators. The merger of Comcast and NBC is just one example of the myriad ways media companies do business. Internet users are willing to pay a premium copanies data that is organized for them in a convenient format and is searchable. They include broadcasters and cable networks. Film Because of the nature of film, the economics of the medium are slightly different from those of music. It restricts ownership of television stations, radio stations, and newspapers in a particular area by a single entity. Follow CMSWire. Mashable reported recently on How news organizations are generating revenue from social mediaincluding real-time ads. Instead, Ticketmaster handles all of the ticketing for Madison Square Garden, adding a 10 percent to 20 percent fee to the face value of the ticket for its exclusive service, depending on the venue and price of the. Nov ckmpanies, in Media Entrepreneurship. YouTube makes it easier for videographers to reach a surprisingly large market, often surpassing even professional sites such as Hulu.