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WAEC Commerce 1992 Question 85

Question 85

Trade Associations

An organization of people, engaged in same trade or manufacturing, formed to safeguard its interest is generally called the

  1. A.trade union
  2. B.chamber of commerce
  3. C.trade association
  4. D.Nigerian Employment Consultative Assembly
  5. E.Nigerian Medical Association
Show the answer and explanation

Answer: C (trade association)

Explanation

A trade association is formed by firms in the same trade to protect their common interests.