ASCAP and BMI are primarily known for which purpose?

ASCAP (American Society of Composers, Authors, and Publishers) and BMI (Broadcast Music, Inc.) are primarily known for offering music license agreements. These organizations serve as performance rights organizations that manage the rights of songwriters, composers, and music publishers. Their main function is to license the public performance of music and to ensure that their members receive royalties when their music is played, whether on the radio, television, in live venues, or through digital platforms.

By offering music license agreements, ASCAP and BMI facilitate the legal use of music by businesses and individuals while ensuring that creators are compensated for their work. This system of licensing helps promote the interests of their members and supports the creative industry. Other choices such as providing fundraising guidance, conducting market research, or managing association memberships do not align with the primary purpose of these organizations, which is centered around music rights and licensing.