Friday, December 10, 2010

Unit 1: Falling demand at HMV

HMV looks to be in long term decline

http://news.sky.com/skynews/Home/Business/HMV-Confirms-Plunging-Sales-And-Wider-Pre-Tax-Losses-As-Christmas-Trading-Hit-By-Snow/Article/201012215850428?f=rss

a) Using demand theory, explain the reason for the short term fall in demand at HMV and the reasons for the longer term decline

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