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Business organisation, Summaries of Business Fundamentals

Short notes on business organisation

Typology: Summaries

2024/2025

Available from 03/17/2025

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Business organisation Study heaven Q. What are the various Functions of cays Sf Connmerce? The first thing to remember about a chamber of commerce is that it's local: focused on a local community and focused on local businesses. Overall, a chamber is an association of business leaders that allows mutual promotion and protection of the interests of their businesses, whether that be a small restaurant or a used bookstore. These are frequently seen in individual towns and communities, but there are also state and national chapters that can be accessed. A good chamber of commerce helps businesses band together and come up with ways to better market their products and services. They form a collective to address important concerns and issues for the business community. As a business, joining a chamber of commerce can be a good choice for a number of reasons: elaborate points e Increased exposure Networking opportunities Better understanding of business community concerns More credibility Increased marketing potential Stronger voice in local decision-making Functions of Chambers of Commerce (elaborate points) e Chambers of Commerce perform a number of useful functions in promoting the interests of the business community. Some of the important functions are: e Performing the role of spokesman of the business community. e Collection and communication of information relevant to business and trade to members. e Making representations to government regarding any legislation which is detrimental to their interests. For example, Chambers of Commerce have made representations to the government regarding the Fringe Benefit Tax (FBT). « Making representation to the government regarding any proposed legislation. For example, Chambers of Commerce have made representations regarding the proposed Competition Commission,