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GCE Commerce 1989 Question 25

Question 25

Trade Associations

Organizations formed mainly by traders and manufacturers to cater for the interest of their members is called

  1. A.trade union
  2. B.co-operative societies
  3. C.trade association
  4. D.chamber of commerce
  5. E.manufacturers association
Show the answer and explanation

Answer: C (trade association)

Explanation

A trade association is formed by firms in the same line of business to protect their common interests.