Select Two Different Needs That You Have That You Satisfy

question 17

Essay

Select two different needs that you have that you satisfy through the use of different media. Using uses and gratifications theory, analyze how different media enable you to satisfy these two needs.

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Definitions:

Ending Inventory

The cumulative worth of products on offer for sale when an accounting cycle ends.

Gross Margin

The gap between the income from sales and the expense of goods sold, represented as a proportion of sales income.

Net Sales

The revenue from sales of goods or services after deducting returns, allowances, and discounts.

Opportunity Cost

The cost of forgoing the next best alternative when making a decision, representing what is sacrificed as a result of choosing one option over another.