A voluntary body formed by people in the same line of business is known as?

Assessment: WAEC SSCE - Commerce - 2002 (Objective) Subject: Commerce

Question 1 Report

A voluntary body formed by people in the same line of business is known as?
Answer Details
A voluntary body formed by people in the same line of business is known as a trade association. It is an organization made up of businesses in a specific industry, trade or profession. The main purpose of a trade association is to promote and protect the interests of its members by providing a forum for discussion and cooperation, as well as representing their views to government and other organizations. Trade associations may also offer training, education, and other services to their members, and may set standards for their industry.
Read lesson note on Trade Associations (WAEC)
Read lesson note on Commerce (JAMB)
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