Which of the following is a primary objective of trade assoc…

JAMB Commerce 2023 218 views
Source: JAMB · 2023

Which of the following is a primary objective of trade associations?

  1. To increase competition among members
  2. To provide training and education to members ✓
  3. To limit the number of businesses in the industry
  4. To reduce the quality of products
Explanation

Trade associations are groups of businesses in the same trade. They help members by running training and education, sharing information and speaking for the trade.

They do not aim to cut competition, limit business numbers or lower product quality.

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