Theory question 104
Trade AssociationsCommerce 2 (essay)
(a) What is a Chamber of Commerce?
(b) State six functions of manufacturing association
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(a) A Chamber of Commerce is a voluntary association of businessmen (manufacturers, traders, bankers, insurers, etc.) in a town or area, formed to promote and protect their common commercial interests.
(b) Any six: represents manufacturers in dealings with government (pressure group); influences policies on industry, tariffs and taxes; collects and circulates information to members; encourages high quality standards; sponsors research into raw materials and methods; settles disputes among members; negotiates with trade unions; organises trade fairs and exhibitions; advises members on technical and legal matters.
Note (b) asks about a manufacturers' association, not the chamber.