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JAMB Commerce 2007 Question 33

Question 33

Trade Associations

The major function of a trade association is that it

  1. A.liaises with foreign trade associations
  2. B.helps to promote foreign trade
  3. C.facilitates members' access to credit facilities
  4. D.helps to promote research on behalf of members.
Show the answer and explanation

Answer: D (helps to promote research on behalf of members.)

Explanation

A trade association serves firms in the same trade, for example by carrying out research that members could not afford alone.