List Three Important Distinctions Between the Internet and Traditional Media

question 84

Essay

List three important distinctions between the Internet and traditional media.

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Definitions:

Sales

The revenue a company earns from selling goods or services.

Gross Profit

The difference between sales revenue and the cost of goods sold, before deducting operating expenses, interest, and taxes.

Expense

Outflows or using up of assets as a result of the company’s efforts to generate revenue.

Income Statement

A financial statement that shows a company's revenues and expenses over a specific period, ultimately revealing the net profit or loss for that time.