A group of manufacturers operating exclusively within the textile manufacturing sector establish a formal body to protect their specific industrial interests, maintain product standards, and engage in joint trade negotiations. Which type of commercial organization does this body represent?
- A trade associationCevap
- BA chamber of commerce
- CA trade union
- DAn export promotion council
Cevap
The organization described is a trade association because its membership is restricted to businesses operating within a specific industry sector.
A trade association is an alliance of firms operating in the same industry or line of business (such as textile manufacturing) formed to advance their specific commercial interests, enforce quality standards, and represent their industry to government bodies.
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Anahtar Kavram
Trade Association Structure and Scope
Tahmini Süre:45s