Final answer:
Business-oriented interest groups often organize themselves into trade associations, where competing companies in the same industry work together to address shared concerns and lobby for favorable regulations.
Step-by-step explanation:
Business-oriented interest groups are often organized into trade associations, where members within the same trade or industry come together to address common concerns and interests. Trade associations, such as the American Beverage Association, include companies that are competitors in the market but share common goals related to their business activities. These associations provide a platform for members to collectively lobby for favorable regulations and policies that benefit the entire industry.
For example, the American Beverage Association represents companies like Coca-Cola, Red Bull North America, and Kraft Foods, who have similar interests in manufacturing, bottling, and distribution of beverages. By coming together, these companies can pool their resources and influence to advocate for tax breaks or eased regulations, which can benefit all association members.
It is important to note that while trade associations work towards common goals, individual association members may also have their own in-house lobbyists or contract lobbying firms to represent their specific business interests.