Trade organizations are groups formed by businesses or individuals within a specific industry to promote their common interests. These organizations often provide resources, networking opportunities, and advocacy to help members navigate challenges and improve their operations. They may also conduct research, offer training programs, and set industry standards. Members of trade organizations can benefit from collective bargaining power, which allows them to negotiate better terms with suppliers and customers. Additionally, these organizations often represent their members' interests in discussions with government bodies, helping to shape policies that affect the industry. Examples of trade organizations include the National Retail Federation and the American Medical Association.