The following is true about the merits of trade associations…

JAMB Commerce 2023 51 views

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

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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