The main objective of a trade association can best be described as promoting and protecting ?
Answer Details
The main objective of a trade association can best be described as promoting and protecting the common interest.
A trade association is a group of companies or businesses in a specific industry that come together to achieve a common goal. The main objective of a trade association is to promote and protect the interests of its members and the industry as a whole. This can include activities such as advocating for favorable regulations, promoting the industry to the public, and improving the overall business climate for its members.
By working together, the members of a trade association can have a greater impact and influence on the industry and the market. This can lead to increased profitability and success for individual companies, as well as the industry as a whole.
In simple terms, a trade association helps to bring together businesses in a specific industry to work towards common goals and promote the overall success of the industry.