After completing the lecture and reading assignments, write a 500-word response to the following question. Do not use the task in your response.
- How could the current personal income tax be modified so that it becomes a consumption tax? In what way can consumption be regarded as a better index of ability to pay taxes than income? Does an income tax penalize the saver while a consumption tax does not?
Topic #1:
What are the key productivity ratios for measuring the retailer as a whole, its merchandise management activities, and its store operation activities? Why are these ratios appropriate for one area of the retailer’s operation and inappropriate for others?
Topic #2:
Buyers’ performance is often measured by their gross margin percentage. Why is this figure more appropriate than the operating or net profit percentage?
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