3.3 Lobbyinb

Question 1

What is lobbying?

Answer 1

Lobbying is the act of influencing decisions made by government officials or other decision-makers.

It advances what the business must deliver on and builds public trust.

Question 2

Why do businesses lobby?

Answer 2

Businesses lobby to advance their causes, build public trust, and find solutions to emerging challenges.

Lobbying helps to find solutions to emerging generic challenges.

Question 3

What are the types of lobbying?

Answer 3

Types of lobbying include hedging against inflation, bargaining sessions between management and unions, and influencing supervisory bodies.

Question 4

What are the advantages of networking for businesses?

Answer 4

• marketing and expansion,
•assists in making future decisions
•provides new perspectives and business ideas.

Question 5

What are power relations?

Answer 5

Power relations exist in all relationships in society.

Question 6

How can businesses form power relations?

Answer 6

Businesses can form power relations through strategic alliances and the persuasion of large investors.