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Aims and functions of trade associations - SS1 Commerce Past Questions and Answers - page 1

1

What is one of the primary aims of trade associations?

A

Maximizing individual profits

B

Promoting industry unity

C

Encouraging intense competition

correct option: b

Promoting industry unity

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2

Which function of trade associations involves influencing government policies and regulations?

A

Networking

B

Education and Training

C

advocacy

correct option: c

advocacy

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3

What do trade associations provide to their members?

A

Legal protection

B

Networking opportunities

C

Tax benefits

correct option: b

Networking opportunities

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4

Which function of trade associations involves setting industry standards and codes of conduct?

A

Member support

B

Standards and Accreditation

C

Information sharing

correct option: b

Standards and Accreditation

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5

What is one of the aims of trade associations regarding government policies?

A

To promote favorable regulations

B

To discourage collaboration among members

C

To minimize industry growth

correct option: a

To promote favorable regulations

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6

State one primary aim of trade associations.

Representing the collective interests of members.

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7

Name one function of trade associations related to information exchange.

Disseminating industry knowledge and trends.

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