An oil company adjusts the price on gasoline in response to an excise tax increase.What type of change is this?
A) incremental
B) strategic
C) nonreversible
D) transactional

Question

Quizplus · Accepted Answer

An excise tax increase is a government-imposed tax on the sale of a particular good or service. In this case, the oil company is adjusting the price of gasoline in response to the tax increase. This is an incremental change because it is a small, gradual change that is made in response to a specific event.

An Oil Company Adjusts the Price on Gasoline in Response