IBC Assessment 2 modified.docx - Essay Binge drinking is...

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EssayBinge drinking is the consumption of excessive amount of alcohol in a short time. For the past 20 years, it has been associated with the youth culture (Fuller 2011). The definition of culture is a system of values and norms that are shared among a group of people within a society (Hill 2007). The objective of writing this essay is to examine the problems that will beaffecting both the society and business in relation to binge drinking.The top ranked problem is different types of alcohol will be imposed at different tax rate. From business perspective, as the spirits will be imposed at a higher tax rate, the direct cost of spirits will be increasing, and therefore the market price of spirits will be higher. In 2009, tax on spirits was $0.88 per drink while a full-strength beer was charged $0.27 and $0.29 for bottled wine (Bryant 2010). This will gradually affect the society like the adolescents because the price of spirits has been increased, and therefore they might not be

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