NABTEB Commerce 2024 Objective — Question 10

Question 10 of 50 from the National Business and Technical Examinations Board (NABTEB) Commerce 2024 Objective paper, with the correct answer and a full explanation.

An organization formed mainly by traders in the same line of business is a

A. A. trade associationCorrect
B. B. trade union
C. C. chamber of commerce
D. D. cooperative society

Explanation

A trade association is formed by traders in the same line of business to protect and promote their common interests.

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