| Cultural industries | Businesses included in creating, distributing and exhibiting creative productions. |
| Production | The making of a product (eg. the people involved in creating a film). |
| Distribution | The marketing/ advertisement of a product (eg. how a film is made public). |
| Exhibition or Consumption | The ‘showing’ of a product and the effect it has on the consumer (eg. a cinema, its workers and an audience). |
| Media concentration | The ownership of many creative organisations is limited to very few people and parent companies. |
| Conglomerates | A company owns numerous sub-companies involved in mass media enterprises. |
| Globalisation (in terms of media ownership) | A company operates globally, across continents. |
| Cultural imperialism | The idea that certain cultures dominate worldwide media productions, therefore, these cultural views begin to dominate. |
| Vertical Integration | A company owns different businesses in the same chain of production and distribution. |
| Horizontal Integration | When a company has many branches including other companies even though they are owned and controlled by one. |
| Mergers | The joining together of creative companies. |
| Monopolies | Large organisations who take ownership of all stages of production. They have control over production, distribution and consumption (or exhibition) rather than dividing out to other companies. |
| Gatekeepers | Large companies control our consumption and guide us towards their recommendations so that they can make profit. |
| Regulation | Companies are monitored by the governments restrictions. |
| Deregulation | When government laws become less strict. |
| Free market | The price for services or products is regulated internally, by the company, not the government. |
| Commodification | Process by which things, services, ideas, and people relations are transformed into objects for sale. |
| Convergence | The joining together of distinct media types to create new media forms. |
| Diversification | A corporate strategy to enter into a new market or industry in which the business doesn’t currently operate. |
| Innovation | Development within cultural industries. |
Answers: A = 1, B= 3, C= 5