A CONSUMPTION TAX ON GOODS AND SERVICES THAT IS LEVIED AT EACH STAGE OF THE SUPPLY CHAIN WHEREVALUE IS ADDED, FRO M INITIAL PRODUCTION TO THE POINT OF SALE IS a. value-added tax b. tariff C. profit tax d. excise

The correct answer is a. value-added tax.<br /><br />A consumption tax on goods and services that is levied at each stage of the supply chain where value is added, from initial production to the point of sale, is known as value-added tax (VAT). VAT is a type of indirect tax that is imposed on the value added to a product or service at each stage of its production and distribution. It is typically paid by the end consumer, but is collected by businesses at each stage of the supply chain and passed on to the government.