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WAEC Commerce 2005 Question 16

Question 16

Trade Associations

An organization formed mainly by traders on the same line of business is known as

  1. A.trade union
  2. B.cooperative society
  3. C.trade association
  4. D.chamber of commerce.
Show the answer and explanation

Answer: C (trade association)

Explanation

Traders in the same line form a trade association.