A trade association consists of members engaged in the same trade while a chamber of...

Commerce

JAMB 2006

A trade association consists of members engaged in the same trade while a chamber of commerce is?

A. highly regulated by a governent agency
B. not restricted on a particular industry
C. made up of members that are registered
D. made up of firms in the banking industry

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Correct Answer: Option B

Explanation

A chamber of commerce is an association or network of businesspeople designed to promote and protect the interests of its members. It is not restricted to a certain industry.

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A trade association consists of members engaged in the same trade while a chamber of...

Correct Answer: Option B

Explanation

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