A voluntary body formed by people in the same line of business for the purpose of protecting their interest is a

Assessment: WAEC SSCE - Commerce - 2012 (Objective) Subject: Commerce

Question 1 Report

A voluntary body formed by people in the same line of business for the purpose of protecting their interest is a

Answer Details
A voluntary body formed by people in the same line of business for the purpose of protecting their interest is known as a "trade association". It is usually formed by businesses or individuals who have a common interest or purpose in a particular industry or trade. The trade association acts as a representative body for its members and provides support and services to help them operate more effectively. These may include lobbying for favorable legislation, providing industry-specific training and resources, and promoting the interests of the industry to the public.

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