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JAMB Commerce 2005 Question 33

Question 33

Trade Associations

A major function of a chamber of commerce is

  1. A.increasing productivity
  2. B.promoting both home and foreign trade
  3. C.promoting trade in a particular line
  4. D.maximizing profit
Show the answer and explanation

Answer: B (promoting both home and foreign trade)

Explanation

A chamber of commerce brings together all kinds of businesses and promotes trade at home and abroad, for example through trade fairs.