The following is true about the merits of trade associations…

JAMB Commerce 2023 311 views
Source: JAMB · 2023

The following is true about the merits of trade associations except

  1. They provide a platform for networking among members
  2. They can influence government policy
  3. They guarantee profits for all members ✓
  4. They offer collective bargaining power
Explanation

Trade associations give members networking, a stronger voice to government and collective bargaining power.

They cannot guarantee profits for all members. Each business still earns profit or loss from its own sales and costs.

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