The Textbook Describes Three Main Ways in Which Business Can

question 35

Multiple Choice

The textbook describes three main ways in which business can influence government policy.They are

• A) advertising,lobbyists,trade associations.
• B) political contributions,letters to the editors of newspapers,advertising.
• C) advertising,trade associations,political contributions.
• D) trade associations,lobbyists,letters to the editors of newspapers.
• E) lobbyists,political contributions,advertising.

---

Definitions:

Organizational Survival

The ability of an organization to continue to operate and remain viable over time, often amidst competition and changing market conditions.

Industry Leader

A company that holds the highest market share or the highest profitability margin in a specific industry, setting benchmarks and leading in innovation, customer service, and product quality.

Human Capital

The collective skills, knowledge, and expertise that employees bring to their workplace, regarded as a valuable asset to the company.

Productivity

The measurement of efficiency in which inputs (such as labor and materials) are converted into outputs (goods and services).