Many large corporations have a presence in Washington in the form of lobbyists. These individuals attempt to have their voice, and the voice of the company they represent, heard. If there is a potential advantage to be had due to new legislation or implementation/abolition of laws and rules, it is the lobbyists' duty to ensure it is in their company's favor. Which segment is this process referring to?

a. Sociocultural segment

b. Governmental segment

c. Political/legal segment

d. Economic segment

Question

Business

Monkey

2 August, 22:53

Many large corporations have a presence in Washington in the form of lobbyists. These individuals attempt to have their voice, and the voice of the company they represent, heard. If there is a potential advantage to be had due to new legislation or implementation/abolition of laws and rules, it is the lobbyists' duty to ensure it is in their company's favor. Which segment is this process referring to?

a. Sociocultural segment

b. Governmental segment

c. Political/legal segment

d. Economic segment

+1

Answers (1)

Know the Answer?

Aleena Lam · Answer 1

C. Political / legal segment

Explanation:

The political segment focuses on the impacts of governments policies on how business is conducted. The political segment includes elements such as tax policies, changes in trade restrictions and tariffs, and the stability of governments employment,

The legal factors focuses on how law courts affects or influences business decisions. This aspect includes elements such as health and safety, discrimination, and antitrust. etc.

Therefore the lobbyists trying to influence the formation and implementation of various laws in their company's favor is categorized under the political / legal segment