Examples of business group in the following topics:
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- Economic interest groups advocate for the economic benefit of their members, and business interests groups are a prominent type of economic interest group.
- Business interest groups generally promote corporate or employer interests.
- Companies and organizations will also come together in larger groups to work together on general business interests.
- Another example of an umbrella business interest group is the US Women's Chamber of Congress (USWCC).
- Identify the organization and purpose of business and economic interest groups
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- Suppose that a group of statistics students is divided into two groups: business majors and non-business majors.
- There are 16 business majors in the group and 7 non-business majors in the group.
- We are interested in the number of business majors in the group.
- On average(µ), how many would you expect to be business majors?
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- Half of the U.S. private sector is populated by small businesses and the other half by large businesses.
- The private sector consists of a wide variance in business size, grouped into small, medium, and large organizations.
- Using this definition, just over one-half of the private sector is populated by small businesses and the other half by large businesses.
- The small-business share of employment is relatively stable, as shown in the graph above: the bold red line representing all small businesses stays at around 50 to 55% of the total share of employment.
- Discuss the growth of small businesses in relation to the U.S. economy
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- Agricultural interest groups are a type of economic interest group that represent farmers.
- Economic interest groups are varied.
- Categories of economic interest groups include those representing business, labor, professional, and agricultural interests.
- These interests include business and agricultural extension concerns, as well as matters of local, national, and even international policy.
- Small farmers are just one part of the larger group of farmers involved in agricultural interest groups.
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- American economist Milton Friedman once famously proclaimed that "the business of business is business. " Capitalist economies such as the United States rely on businesses to legally produce capital from the trading of goods and services.
- Moreover, the types of businesses that exist today can vary by jurisdiction.
- The type of business a group or individual creates will influence the legal and tax structure of the entity.
- The business owner has unlimited liability for the debts incurred by the business.
- Partnership: A partnership is a business owned by two or more people.
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- A stakeholder is an individual or group that has a legitimate interest in a company.
- A corporate stakeholder is an individual or group who can affect or be affected by the actions of a business.
- It defined stakeholders as "those groups without whose support the organization would cease to exist. "
- Owners are interested in maximizing the profit the business makes.
- Suppliers want the business to continue to purchase from them.
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- They also provide important checks and balances to business interests, make market exchanges more transparent, and help consumers make more informed choices.
- Two examples of consumer groups concerned with a broad range of consumer goods are the Better Business Bureau (BBB) and the Consumer Union, who publishes the Consumer Reports.
- The BBB works to advance marketplace trust by publishing business reviews and providing a dispute resolution process.
- This process allows consumers with conflicts or complaints regarding a particular business receive arbitration through the BBB.
- Consumer Interest Groups can also be single-issue interests groups.
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- Small businesses are also calling for increased legislation with the expectation that they'll soon reap its benefits.
- For example, an organization called Small Business California worked to support the state's Global Warming Solutions Act (AB 32), the passing of which imposes tough legislation to tackle global warming.
- The program works like an interest-free loan: businesses are encouraged to exchange the profits they normally lose through wasted energy for energy-saving solutions (e.g. increased insulation, more efficient machinery, etc.) that quickly pay for themselves.
- The irony is that environmental groups have been lobbying for such changes for years yet their efforts obtained fruition only after the local business community jumped on board.
- (Kennard, Kenneth, ‘Businesses Get a New Voice')
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- In the emerging global economy, e-business has become an increasingly necessary component of business strategy.
- The term electronic business (commonly referred to as E-business or e-business) is sometimes used interchangeably with e-commerce.
- E-business involves business processes that span the entire value chain: electronic purchasing and supply-chain management, electronic order processing, customer service, and business partner collaboration.
- E-business software allows the integration of intrafirm and interfirm business processes.
- ICT improves the efficiency of work-group communications and electronic publishing of internal business information.
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- As the creator, organizer, and manager of a business, a business owner is critical to the success or failure of a given venture.
- Different businesses require different skills.
- A small consulting group in a given industry will need extensive experience, contacts, and knowledge uniquely valuable to other incumbents in the industry.
- Combining the core importance of the business owner in the creation of the business and the variety of skills business owners can leverage to achieve success, business owners are often enough the primary influence on a small business' potential success (and potential failure).
- Recognize the significant impact a business owner has on the success of a small business