JAMB Commerce 2006 Question 46

Question 46

Trade Associations

An objective of the farmers' association is to

  1. A.ensure that the prices of goods are fair and reasonable
  2. B.correct the imbalance between consumers and producers
  3. C.improve the methods of selling and advertising
  4. D.provide a stable market outlet for farm inputs.
Show the answer and explanation

Answer: A (ensure that the prices of goods are fair and reasonable)

Explanation

A farmers' association bargains for its members so that the prices of their goods are fair and reasonable.