A Sales or Excise Tax

question 62

Multiple Choice

A sales or excise tax

• A) is often considered to be an incidental tax.
• B) has a very high collection cost relative to its yield.
• C) is another name for a supply-side tax.
• D) imposes a greater relative burden on the rich.
• E) in general is paid by both the buyer and the seller.

Understand the retail strategies used by businesses to enhance customer service and experience.

Know the concept of distribution intensity and its application in market coverage.

Distinguish between different types of nonstore retailing and their strategic implications.

Recognize the changing dynamics in product distribution practices and their impact on consumers and businesses.

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Definitions:

Hierarchy of Needs

A psychological theory proposed by Abraham Maslow that categorizes human needs into five levels, from basic survival needs to self-actualization.

Intellectual Pursuits

Activities that involve serious study or application of ideas, concepts, and theories, often for personal growth or academic achievement.

Choice Architecture

The design of environments in which choices are presented to consumers, influencing the decision-making process.

Impulse Products

Items that consumers buy spontaneously without prior planning, often triggered by emotions or external stimuli in the shopping environment.