Which Is a Private Good Offered by an Interest Group

question 46

Multiple Choice

Which is a private good offered by an interest group in order to entice individuals to support the group?

• A) selective incentive
• B) public good
• C) latent interest
• D) group interest
• E) individual utility

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Definitions:

Compensation Method

A strategy or approach used to calculate and distribute payment or rewards to employees or partners.

Negative Consequences

The potential adverse outcomes or risks that can result from a decision or action, often discussed in sales to motivate a purchase decision.

Valid Objection

A substantial and justifiable concern raised by a potential customer during the sales process.

Compensation Method

The approach a company takes to remunerate its employees, which can include salary, wages, bonuses, profit sharing, or non-monetary benefits.