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WAEC Commerce 2019 Question 5

Question 5

Trade Associations

Computer manufacturers in an area could form a

  1. A.producer association.
  2. B.thrift society.
  3. C.chamber of commerce.
  4. D.consumer association.
Show the answer and explanation

Answer: A (producer association.)

Explanation

Firms producing the same kind of goods form a producers' (manufacturers') association to protect their common interests.