A trade group can also be referred to as a business association, consortium or guild. These groups bring together individuals and companies with similar interests or industries to promote common goals and provide collective support. A chamber of commerce also serves as a trade group for businesses in a specific geographical area. Other synonyms for trade group include professional organization, trade association, industry alliance and commercial network. These groups often provide networking opportunities, educational resources, advocacy and lobbying efforts, and access to industry-specific information and best practices. Regardless of the name or category, trade groups are crucial to the success of many businesses and industries.