Define Advocacy Groups

question 105

Essay

Define advocacy groups. List the three approaches to influencing businesses that they are likely to use. Specify which one of these three is most likely to have an impact on company sales and profits.

---

Definitions:

Durable Goods

are items with a long life expectancy, such as automobiles, furniture, and appliances, typically used over years rather than consumed quickly.

Disposable Income

The accessible funds for households intended for saving and spending, after subtracting taxes on income.

Induced Consumption

Consumption that varies directly with income, indicating how consumer spending increases as income rises.

Disposable Income

The wealth households have at their disposal for spending and saving post-income tax evaluations.