SS2 Commerce Lesson Note on Trade Associations and other Enterprises

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TOPIC: Trade Associations and other Enterprises

CONTENTS:

• Trade Associations – Aims, Functions
• Chamber of Commerce: Aims, Functions and structure

Sub-Topic 1: Trade Associations – Aims, Functions

Meaning of Trade Association

Trade association is an association of traders or producer, firms or companies or professionals who deal on the same line of trade or business in order to protect and develop their common interest in order to protect and develop their common interest.

The following are examples of trade association

1. Garri Dealers Association
2. Yam Dealers Association Dealers
3. Motorcycle Dealers Association
4. Bicycle Spare Parts Dealers Association
5. National Association of Road Transport Workers
6. Manufacturers Association of Nigeria
7. Nigerian Medical Association
8. Nigerian Bar Association.
9. National Union of Teachers

AIMS AND OBJECTIVES OF TRADE ASSOCIATION 

The aims and objectives of trade associations include the following:

1. To maintain professional ethics of their line of trade
2. To ensure that members provide good quality services
3. To create uniformity in the way their members deal with people.
4. To supply members with information about developments in their line of trade
5. To promote trade in a particular line of business
6. To as a pressure group in order to influence some government policies
7. To defend and advance the interest of members
8. To assist members who are in need etc.

Functions of Trade Associations

1. They fix prices for their services or products
2. They disseminate information to members
3. They put political pressure on government for the interest of members
4. The settle disputes among members

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