Commerce JAMB

A chamber of commerce is an association made up of?

A. merchants
B. manufacturers
C. entrepreneurs
D. importers

Correct Answer:

Option C – entrepreneurs

Explanation

A chamber of commerce (or board of trade) is a form of business network, for example, a local organization of businesses whose goal is to further the interests of businesses. Business owners in towns and cities form these local societies to advocate on behalf of the business community.

An entrepreneur is a person who sets up a business or businesses, taking on financial risks in the hope of profit.

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