One of the functions of a trade association is to

  • A pay members salaries
  • B promote members' welfare
  • C provide loans to members
  • D provide employment for members
jamb 2022commerce

The correct answer is B. promote members' welfare

FUNCTIONS OF TRADE ASSOCATION

- Provide trade, Pool trade and credit information

- Fix minimum price for their goods

- Assist needy members

- Educate members on trade activities

- Settle dispute among members.

- Preventing cut-throat or unfair competition

- Promoting and extending trade through "legislative work'

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