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JAMB Economics 2006 Question 29

Question 29

Business Organisations

An association formed by a group of individuals solely for the marketing of their product is a

  1. A.credit and thrift society
  2. B.consumer cooperative society
  3. C.producer cooperative society
  4. D.voluntary organization
Show the answer and explanation

Answer: C (producer cooperative society)

Explanation

Producers who join together to market what they produce form a producer (marketing) cooperative society.