Question 40
Trade AssociationsA trade association consists of members engaged in the same trade while a chamber of commerce is
- A.highly regulated by a government agency
- B.not restricted on a particular industry
- C.made up of members that are registered
- D.made up of firms in the banking industry.
Show the answer and explanation
Answer: B (not restricted on a particular industry)
Explanation
A chamber of commerce brings together businesses from all kinds of trades and industries in an area.