which of the following functions is not performed by trade association?
- research and development
- standardization of product
-
credit facilities
- technical information
The correct answer is: C
Explanation
FUNCTIONS
Trade association is generally formed to promote and protect the interest of the people engaged in a particular trade, industry or business.
To act as an official channel of communication between the industry and the Government on any matter of commercial or econothic policy affecting the industry.
" To enable an industry to act as a unit, whether for co-operation with other interests or industries or for dealing with subjects which concern their section of industry as a whole.
"To assist in solving the problem of trade-cycle fluctuations.
"To maintain the conditions of trading and to regulate trade practices within the industry.
"To collect statistics and promote interchange of information between members.
"To promote the technical and general knowledge of those engaged in the industry.
"To assist in the improvement of service to the customer.