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JAMB Commerce 2008 Question 28

Question 28

Trade Associations

The pooling of business information for the benefit of members is a major function of a

  1. A.pressure group
  2. B.trade association
  3. C.cultural group
  4. D.trade union.
Show the answer and explanation

Answer: B (trade association)

Explanation

Trade associations collect and share information on prices, markets and laws among firms in the same trade.