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WAEC Commerce 1995 Question 82

Question 82

Trade Associations

A voluntary body formed by people in the same line of business for the purpose of protecting their interest is

  1. A.business association
  2. B.trade association
  3. C.trade union
  4. D.chamber of commerce
  5. E.trading partners
Show the answer and explanation

Answer: B (trade association)

Explanation

A trade association is made up of firms in the same trade.