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JAMB Commerce 2005 Question 36

Question 36

Trade Associations

The association that comprises all types of businesses is referred to as

  1. A.chamber of commerce
  2. B.trust
  3. C.trade association
  4. D.cartel
Show the answer and explanation

Answer: A (chamber of commerce)

Explanation

A chamber of commerce admits businesses of every kind; a trade association is for firms in one line of trade.