The Increasing Diversity of Our Population Is Creating a Marketing

question 98

True/False

The increasing diversity of our population is creating a marketing "threat" to small businesses because they cannot profitably serve small niches.

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Definitions:

Excise Tax

A tax on specific goods or services, often with the goal of discouraging their use or generating revenue.

Supply Curve

A graphical representation of the relationship between the price of a good and the amount of it suppliers are willing to offer for sale, holding other factors constant.

Tax System

The organized way in which a government levies taxes on its citizens and companies to generate revenue.

Marginal Incentives

Additional rewards or penalties that influence the benefits or costs of engaging in one more unit of an action.