Which of the Following Describes Public Interest Groups

question 9

Multiple Choice

Which of the following describes public interest groups?

• A) organizations that pursue noneconomic policies on behalf of the general populace
• B) organizations that represent the interests of working people seeking better pay and better working conditions
• C) organizations that represent the needs of professionals not represented by unions
• D) organizations that lobby between different levels of government
• E) any individual business engaged in lobbying

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Definitions:

Economies of Scale

The cost advantage achieved when production becomes efficient, as the scale of the operation grows and the cost per unit of output decreases.

Real Estate Developer

An individual or company that builds or renovates buildings or land developments, managing the process from inception to completion.

Synergies

Refers to the combined effect of group efforts or operations that results in a greater impact or benefit than the sum of individual efforts.

Vertical

In a business context, it refers to a market or industry where the supply chain of a company is focused on providing a specific niche of products or services.