Answer to Question #288462 in Marketing for jean

Question

Why do you think you need to take "Income Taxation" subject in relation in Marketing Management? *

Answer 1

Income taxation helps the management to track funds coming into the company and going out of the entities. The imposition of tax always causes the market price to increase while quantity demand decreases. Therefore, the marketing manager should keep records of taxation to price the products to avoid losses. for example, in case the tax rate is increased, the company should also increase the price of their products and vise vasa.