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

JAMB Commerce 2023 168 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

This answer correctly describes the business or trade concept. Commerce deals with buying, selling, and business operations.

The other options relate to different aspects of business or trade. They aren’t the best answer here.

Understanding this helps you grasp how businesses operate and how trade happens.

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