Esternal Factors
The external factors that contributed in the downfall of ?Sam the record man? can be viewed as:
Political forces:
Given the fact that we evoluate in a mixed economy, meaning that the government does play a key role in how business operate, I believe that some sort of regulations against music downloading on the internet should have been in place that could have protected records stores.
Economic/Global forces:
Knowing that our economy is very much tied a to the us, it would be only fair to assume that the repercussions of September 11th are felt in canada.analysis shows that there is a decline in the spending habits of consumer, they tend to think more long term.
Also we need to keep in mind that foreign owned business being large buyers might be able to give a better sale price on the same good.competiton is what make our economy thrive and what enable us consumer to most of the time the better deal.
Technological forces:
The fast growing business
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