Trade Associations - Jamb Commerce Past Questions and Answers

Question 1:

• JAMB 1994

Commerce is defined as the study of how

A. Man utilizes the resources in his physical environment
B. Man produces, distributes and consumes his goods and services
C. Man buys, sells and distributes goods and services
D. Raw materials are changed into finished goods

Question 2:

• JAMB 2019

The difference between a chamber of commerce and a trade association is that the former

A. Is not restricted to a particular industry
B. Is a branch of trade that sells product
C. Consists of members engaged in the same trade
D. Are association of individuals or firms

Question 3:

• JAMB 1997

The main objective of a trade association can best be described as promoting and protecting

A. The products
B. Common interest
C. The market
D. Customer's interest

Question 4:

• JAMB 2000

The primary objectives of a trade association is to

A. Undertake researchwork on behalf of members
B. Establish easy link with government
C. Exchange information and negotiate as a preasure group
D. Operat as a group against other groups

Question 5:

• JAMB 2000

A chamber of commerce is an association made up of

A. Enterpreneurs
B. Manufacturers
C. Merchants
D. Importers