Question on: JAMB Commerce - 2012
The main objective of a trade association is to
A
protect its members against litigation
B
boost the trade of its members
C
secure credit for its members
D
protect its members against victimization
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Correct Option: D
The main objective of a trade association is to boost the trade of its members. Trade associations are formed to promote the interests of businesses within a specific industry. This includes activities such as:
* Providing a platform for members to share information and best practices.
* Lobbying government on behalf of the industry.
* Organizing trade shows and other promotional events to increase sales.
* Developing industry standards.
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