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WAEC Commerce 1996 Question 94

Question 94

Trade Associations

A group of people in the same line of business who come together for the interest of its members is called

  1. A.Chamber of Commerce
  2. B.trade association
  3. C.trade union
  4. D.consortium
  5. E.cartel
Show the answer and explanation

Answer: B (trade association)

Explanation

A trade association is formed by firms in the same line of business.