A price adjustment in gasoline by an oil company in response to an excise tax increase is a(n) change.
A) incremental
B) nonreversible
C) strategic
D) transactional

Question

Quizplus · Accepted Answer

An incremental change refers to a small adjustment or modification made to an existing process or system. In this case, the price adjustment made by the oil company is a small change that is made in response to the increase in the excise tax. It is not a major strategic change or a one-time transaction, but rather a small adjustment in pricing.

A Price Adjustment in Gasoline by an Oil Company in Response