Post Utme Commerce Questions
Question 116:
One major reason trade associations standardize prices is to:
- A Prevent destructive competition
- B Eliminate consumer purchases
- C Prevent industrial cooperation
- D Reduce product awareness greatly
Question 117:
The Nigerian Bar Association is an example of:
- A Consumer cooperative society
- B Public transport corporation
- C Warehouse management authority
- D Professional trade association
Question 118:
Chambers of commerce often organize trade exhibitions mainly to:
- A Prevent industrial competition
- B Showcase products and innovations
- C Eliminate customer interactions
- D Reduce commercial awareness
Question 119:
The Manufacturers Association of Nigeria is an example of:
- A Manufacturers’ trade association
- B Consumer cooperative society
- C Transport regulatory agency
- D Public warehouse authority
Question 120:
One major challenge faced by trade associations is:
- A Reduction of industrial growth
- B Elimination of market competition
- C Prevention of business cooperation
- D Conflicting member interests