Individual Businesses and Organizations Representing Many Businesses Often Advocate on Behalf

question 37

Multiple Choice

Individual businesses and organizations representing many businesses often advocate on behalf of their own interests-and sometimes battle each other. These are referred to as

• A) business groups.
• B) trade associations.
• C) professional organizations.
• D) labor unions.

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Definitions:

Law of Averages

The law of averages is a principle that suggests that over time, outcomes will balance out to their statistical probability or expected value.

Cold Canvassing

The act of contacting potential customers without any prior connection or appointment, often through door-to-door visits or cold calls, in attempts to sell a product or service.

Prospecting Method

Strategies and techniques used by salespeople to identify potential customers or leads who may have an interest in their products or services.

Orphaned Customers

Customers who feel neglected or forgotten by a brand, often after a key salesperson leaves the company.