Knowee
Questions
Features
Study Tools

. Imposition of taxes is an attribute that  directs to  which of the 5 industry drivers?Group of answer choicescompetitiontechnologygovernment policycostmarket

Question

Imposition of taxes is an attribute that directs to which of the 5 industry drivers?

Group of answer choices:

  • competition
  • technology
  • government policy
  • cost
  • market
🧐 Not the exact question you are looking for?Go ask a question

Solution

Identifying the Industry Driver Affected by Imposition of Taxes

  1. Understanding the Options: To determine which industry driver is directly influenced by the imposition of taxes, let's analyze the provided options:

    • Competition: Relates to the rivalry among companies in the same industry.
    • Technology: Involves advancements and innovations that affect how products are developed or services are delivered.
    • Government Policy: Pertains to rules, regulations, and policies set by the government that can affect industry operations, including taxation.
    • Cost: Refers to the expenses involved in the production and delivery of goods and services.
    • Market: Encompasses factors related to consumer demand and market conditions.
  2. Analyzing the Impact of Taxes: Taxes are often implemented through government regulation, affecting how companies operate within an industry. The government influences industry dynamics by imposing taxes, which can impact competition, pricing, and overall market conditions.

  3. Conclusion: Given that taxes are a function of government regulation aimed at generating revenue and influencing economic activities, the correct answer aligns most closely with government policy.

Final Answer

Imposition of taxes is an attribute that directs to government policy.

This problem has been solved

Similar Questions

What are taxes collected on specific products such as tobacco and gasoline called?Group of answer choicesad valorem taxincome taxluxury taxexcise tax

When the government imposes a tax on a firm that generates external costs, the tax is

Which corporation uses a double layer of taxation?

Which type of business organization is subject to double taxation?A.Sole proprietorshipB.CorporationsC.PartnershipsD.Government corporationsE.Non-profits

"Which of the following statements is true about taxes?

1/2

Upgrade your grade with Knowee

Get personalized homework help. Review tough concepts in more detail, or go deeper into your topic by exploring other relevant questions.