A major function of trade association is to _______
Answer Details
A major function of trade associations is to foster cooperation among members.
A trade association is a group of businesses that operate in the same industry or share a common interest. The main purpose of a trade association is to promote the interests of its members and the industry as a whole. One of the ways that a trade association achieves this goal is by fostering cooperation among its members.
By working together, members of a trade association can pool their resources, knowledge, and expertise to achieve common goals. For example, a trade association might help its members to lobby for favorable legislation or regulations, to negotiate better prices from suppliers, or to share best practices for running a successful business. By sharing information and resources, members of a trade association can become more effective and efficient, and the industry as a whole can benefit.
In summary, the main function of a trade association is to foster cooperation among its members. This cooperation can lead to a variety of benefits for individual members and for the industry as a whole.