One of the functions of a trade association is to

Assessment: WAEC SSCE - Commerce - 2022 (Objective) Subject: Commerce

Question 1 Report

One of the functions of a trade association is to
Answer Details
A trade association is an organization that is formed by a group of businesses or companies in a particular industry. One of the main functions of a trade association is to promote and protect the interests of its members. This may include lobbying for favorable legislation, providing resources and support to help members navigate industry challenges, and promoting the industry as a whole to the public. Therefore, the option that best describes one of the functions of a trade association is "promote members' welfare."
Read lesson note on Trade (WAEC)
Read lesson note on Trade Associations (WAEC)
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