Which of the following association will be directly affected by legislations on tariffs and taxes on raw materials? The
Answer Details
The association that will be directly affected by legislations on tariffs and taxes on raw materials is the "Manufacturers Association of Nigeria." When the government imposes tariffs or taxes on raw materials, it affects the cost of production for manufacturers who rely on those raw materials to produce their goods. The manufacturers' cost of production will increase, and this will ultimately result in an increase in the price of their products. The Manufacturers Association of Nigeria is an organization that represents the interests of manufacturers in Nigeria, and they will be directly impacted by any legislation related to tariffs and taxes on raw materials. An increase in the cost of production will negatively affect their profitability and competitiveness in the market. Hence, the Manufacturers Association of Nigeria will be interested in advocating for policies that will promote a favorable business environment for manufacturers in Nigeria, including favorable tax and tariff policies.