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Explain How Interest Groups Make Use of the Public in Their

question 55

Essay

Explain how interest groups make use of the public in their efforts to influence policy and legislation.


Definitions:

Price Sensitivity

The degree to which the demand for a product or service is affected by changes in its price.

Unconditional Warranty

A guarantee provided on a product that offers coverage or repair without any conditions or limitations.

Break-even Quantity

is the volume of sales a business must achieve to cover all its costs, without making a profit or a loss.

Marginal Revenue

The additional income generated by selling one more unit of a good or service.

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