Pending Federal Legislation Will Require All Online Retailers to Collect

question 30

Multiple Choice

Pending federal legislation will require all online retailers to collect state sales taxes from customers.This would affect online sellers such as Virtual Vineyards,which now only collects state sales taxes from customers who reside in California-its home state.This pending legislation would be an example of which environmental force?

• A)social
• B)economic
• C)technological
• D)competitive
• E)regulatory

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Definitions:

Gasoline

A flammable liquid derived from petroleum, used primarily as fuel in internal combustion engines.

Lumber Price

The cost per unit volume of wood, a key commodity in construction and manufacturing.

Housing Market

The supply and demand for houses, often analyzed in terms of availability, prices, interest rates, and affordability within an area.

Gasoline Prices

The cost per unit of gasoline, which can vary based on factors like oil prices, taxes, and supply and demand dynamics.