What are the functions of chambers of commerce?
Chambers of commerce plays a vital role by rendering useful
services to businessmen and the Government. Services to
businessmen
Chambers of commerce serves as friends, philosophers and guides
to the business commu-nity. Businessmen derive the following
advantages from chambers of commerce:
(i) Businessmen get valuable information free of cost.
(ii) They can expand their business activities with the help of
suggestions and advice from chambers of commerce.
(iii) Chambers of commerce creates markets for the products of
their members by organising fairs and exhibitions.
(iv) Businessmen get a common forum at which they can discuss
problems and exchange views on matters of common interest.
(v) Differences and disputes among businessmen can be solved
amicably and economically with the help of chambers of
commerce.
(vi) Members take advantage of educational and training
facilities offered by chambers of commerce.
(vii) Chambers of commerce undertakes research on behalf of
their members.
(viii) Chambers of commerce fosters a sense of cooperation's
among businessmen.
Related Q&A：
What is the main role of commerce in production？Well, you know, the main role of commerce in production is huge! It helps connect producers with consumers. It allows for the efficient distribution of goods and services. Without commerce, producers would have a hard time getting their products to the people who need them. Commerce also provides feedback to producers about what consumers want and need. Oh, and it helps drive competition, which can lead to better quality products and lower prices. So, basically, commerce is like the glue that holds the production process together and makes it all work smoothly.
