Innovation Involves Introducing or Changing to Something

question 96

Multiple Choice

Innovation involves introducing or changing to something

• A)less costly.
• B)with broader marketplace appeal.
• C)new.
• D)different.

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Definitions:

Value-Added Tax

A consumption tax placed on a product whenever value is added at a stage of production and at the point of retail sale.

United States

A country in North America consisting of 50 states, a federal district, five major self-governing territories, and various possessions.

Sales Taxes

Taxes imposed by governments on sales of goods and services, typically calculated as a percentage of the sale price.

Digressive

Relating to or denoting a method that reduces in pace or intensity over time or steps, often used in taxation to describe tax rates that increase less proportionally with the amount subject to tax.