Consumer behaviour taxes

  • How consumer behavior affects their revenue?

    Due to its effect on demand for products and sales, consumer behavior directly affects how much money a company makes.
    Companies can boost sales and revenue and improve their market share by matching their goods and services to consumer preferences..

  • The concept of consumer behavior in economics refers to how consumers make decisions about what to buy, and how much they are willing to pay for different goods and services.
In most countries, taxes are a prominent part of the consumption experience: they impact the prices of goods (e.g., sales taxes) and consumers' purchasing 
Taxes can even alter consumers' decisions of how much to save and what they should be saving for (e.g., for education or retirement) (Bernheim, Reference 
A life insurance tax shelter uses investments in insurance to protect income or assets from tax liabilities. Life insurance proceeds are not taxable in many jurisdictions.
Since most other forms of income are taxable, consumers are often advised to purchase life insurance policies to either offset future tax liabilities, or to shelter the growth of their investments from taxation.
This insurance product is also known as Private placement life insurance.

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