The word taxation is defined as the way of financing the expenditure by imposing charges on individuals, citizens and corporate entities by the governments. Taxation is applied to all types of involuntary levies starting from income to capital gain to real estate taxes. The major objectives of Taxation are explained in details in Taxation Homework Help. In today’s world, taxation is used as an instrument of economic policy. These days, it also affects the production, investment, consumption, balance of payments, choice of industrial location and techniques, distribution of income, etc. Taxation leads to economic development of any country and thus results in the growth of capital formation. Another objective of taxation is a full employment i.e. level of employment depends on effective demand. A country which is aspiring for the achievement of the goal of full employment must cut down the rate of taxes. Price stability is also one of the objectives of taxation where the taxation can be used for ensuring the price stability as the taxes are regarded as an effective means of controlling inflation.
When the rate of direct taxes are increased, private spending is controlled and thus pressure on the commodity market is reduced. Taxation also has a non-revenue objective like reduction of inequalities in income and wealth. Moreover, it is also used for controlling the imports of the goods with the objective of reducing the intensity of balance of payment difficulties and encouraging the domestic production of import substitutes. It also controls cyclical fluctuations and periods of boom and depression.
The evolution of marketing management:
In the section of a management process, marketing management plays a very significant role by enveloping the distribution of marketing activities. The term marketing management is defined as discovering the customer’s need, converting them into products or services. It also involves the service to the ultimate customers so that the needs of specific categories or groups of the customers could be satisfied to an extent where the most favorable utilization of the resources could derive the maximum benefits. In Marketing Management Assignment Help, marketing management is defined as the area of management which is focused on the practical use of marketing system and the activities which are responsible for the creation of demands for the products. Marketing management, these days is the managerial or management function which is responsible for the performance of the marketing activities.
The marketing management explains the fundamentals of marketing theory, executing marketing plans of firms in order to compete in a global environment. Successful marketing management, on the other hand, enables a company to understand its environment, opponents, and consumers and in this process, it also increases the productivity of a company. These days marketing management is also responsible for collecting essential information about the customers. In successful marketing management, if marketing practices are performed effectively then the organization will smoothly communicate with customers and satisfy their needs. Evolution of marketing management has occurred to such extent that marketing management is considered as the arts and science of selecting targets of the market areas.
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