Where Does Retailing Fall in the Supply Chain

question 47

Multiple Choice

Where does retailing fall in the supply chain?

• A) at the end
• B) in the center
• C) first
• D) second
• E) no where

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Definitions:

Average Tax Rate

The proportion of total income that is paid in taxes, calculated by dividing the total taxes paid by the total income.

Income

Cash inflow, regularly obtained, as compensation for work or earnings from invested capital.

Average Tax Rate

The average tax rate is the proportion of total taxable income paid in taxes, calculated by dividing the total tax paid by the total income.

Marginal Tax Rate

The rate at which the last dollar of income is taxed.