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JAMB Commerce 1997 Question 44

Question 44

Trade Associations

The main objective of a trade association can best be described as promoting and protecting

  1. A.the products
  2. B.common interest
  3. C.the market
  4. D.customer's interest.
Show the answer and explanation

Answer: B (common interest)

Explanation

A trade association is formed by firms in the same trade to promote and protect their shared (common) interests.