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WAEC Marketing 2016 Question 6

Question 6

Distribution

A function of market union in the local market is to

  1. A.offer bank loans to members.
  2. B.establish common market price.
  3. C.defend members in law courts.
  4. D.insure products of all members.
Show the answer and explanation

Answer: B (establish common market price.)

Explanation

Market unions regulate trading among their members, including agreeing a common price.