The primary objectives of a trade association is to

Assessment: JAMB UTME - Commerce - 2000 Subject: Commerce

Question 1 Report

The primary objectives of a trade association is to
Answer Details
The primary objectives of a trade association are to exchange information, negotiate on behalf of members, and establish a link with the government. A trade association is a group of businesses or organizations that operate in the same industry or sector. The main purpose of a trade association is to represent the interests of its members by promoting their common goals and addressing common issues. Trade associations provide a platform for members to exchange information and collaborate on research, which helps them stay up-to-date on industry trends and best practices. Additionally, trade associations negotiate with government bodies on behalf of their members to promote favorable policies and regulations. While trade associations may operate as a pressure group, their primary focus is on promoting the interests of their members, rather than working against other groups.

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