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WAEC Commerce 2020 Question 12

Question 12

Trade Associations

An association formed by computer distributors to safeguard and promote their interest is a

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

Answer: C (trade association.)

Explanation

Firms in the same line of trade form a trade association to protect their common interests.