One of the functions of a trade association is to

Commerce

JAMB 2022

A. pay members salaries
B. promote members' welfare
C. provide loans to members
D. provide employment for members

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Correct Answer: Option B

Explanation

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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