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

Assessment: WAEC SSCE - Commerce - 2005 (Objective) Subject: Commerce

Question 1 Report

An organization formed mainly by traders on the same line of business is known as?
Answer Details
The organization formed mainly by traders on the same line of business is known as a trade association. It is a group of people or companies working in the same industry who come together to protect and promote their common interests. The trade association can help their members with networking, advocacy, education, and other services that can help their businesses thrive. They can also represent their members' interests when dealing with government bodies and regulatory agencies.
Read lesson note on Trade (WAEC)
Read lesson note on Trade Associations (WAEC)
Read lesson note on Commerce (JAMB)
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