Organizations (typically nonprofit) that are formed by firms in the same industry to collect and disseminate trade information, offer legal and technical advice, furnish industry-related training, and provide a platform for collective lobbying.
A) strategic alliance
B) trade association
C) network
D) joint venture
E) consortia

Question

Quizplus · Accepted Answer

Trade associations are specifically formed by firms in the same industry to collectively address industry-related issues such as trade information, legal advice, training, and lobbying. Strategic alliances, networks, joint ventures, and consortia may involve firms from any industry and serve different purposes.

Organizations (Typically Nonprofit) That Are Formed by Firms in the Same