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

1

Which of the following is a primary function of trade associations?

A

Advocacy

B

Product sales

C

Individual competition

correct option: a

Advocacy

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2

What do trade associations provide to their members?

A

Networking opportunities

B

Tax benefits

C

Legal protection

correct option: a

Networking opportunities

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3

What is the purpose of trade association standards and accreditation programs?

A

To establish industry benchmarks

B

To establish industry benchmarks

C

To limit industry growth

correct option: b

To establish industry benchmarks

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4

Which industry does the National Association of Realtors (NAR) represent?

A

Restaurant industry

B

Technology industry

C

Real estate industry

correct option: c

Real estate industry

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5

State one function of trade associations.

Representing the interests of members.

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6

Name one example of a trade association.

National Restaurant Association (NRA)

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