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MCS 005: Final Exam 2022(Actual test study guide answered correctly

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MCS 005: Final Exam 2022(Actual test study guide answered correctly)

Institution
MCS 005
Course
MCS 005

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MCS 005: Final Exam 2022(Actual test
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study guide answered correctly)




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Marxist Analysis - The base determines social relations of production (superstructure)
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ie: It's all about that base.
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Contemporary Marxist - The relationship between the base and superstructure is




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dialectical.




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Dialectical - A relationship in which both parties inform and reinforce each other instead




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of a one sided relationship.
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Vertical Integration - The process whereby one owner acquires all aspects of production
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and distribution of a single type of media product.
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Horizontal Integration - The process by which one company buys different kinds of




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media, which allows them to concentrate ownership across different types of media
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rather than up and down through one industry.




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Multinationalism - The presence of a corporation in multiple countries
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Effects of multinationalism - Limited control, not a lot of space for new ideas, everything
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is about profit, allows corporations to distribute their goods on a global scale.
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Cultural Imperialism - Obliterates smaller companies in global markets who cannot
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possibly compete with the big five/six. (ideals of beauty around the world are becoming
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more and more americanized and uniform)
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Synergy - The involvement of multiple subsidiary companies in the cross-development,
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production, and distribution of a media brand for the purpose of "exploiting it for all the
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profit possible." (CROSS PROMOTION)
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Planned Obsolescence - A business strategy in which goods are built, from the outset,
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to become quickly unusable, uninteresting, and out of date.
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Psychological Obsolescence - "Manipulation of time" in which our sense of what is
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relevant and interesting lasts a very short time (always looking for "next star")
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Institution
MCS 005
Course
MCS 005

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