Theory question 109
Trade AssociationsCommerce 2 (essay)
(a) State five functions of a chamber of commerce.
(b) Explain five functions of a trade association.
Show the model answer
(a) Any five: promotes trade and industry in its area; organises trade fairs and exhibitions; gives business information to members; represents members' views to government; settles disputes among members; issues certificates of origin; promotes international trade links; publishes journals.
(b) Any five, explained: protects members' interests; fixes standards and quality of products; researches and shares technical information; trains members; represents the trade before government; settles disputes; may fix common prices/discourage unfair competition; advertises the industry's products collectively.
A chamber covers many trades in an area; a trade association covers one trade.