One of the functions of a trade association is to?
A. provide infrastructure for members B. provide employment for members C. promote members’ welfare D. pay members’ salaries Correct Answer: Option C – promote members’ welfare
An organization of producers of similar produces; which controls output with the intention to fix price is a?
A. trust B. syndicate C. consortium D. cartel Correct Answer: Option D – consortium
A number of shops under one roof is a?
A. chain store B. department store C. discount store D. unit store Correct Answer: Option A – chain store
One of the disadvantages of selling on credit is?
A. reduction in turnover B. reduction in profit C. increase in liquidity D. bad debts Correct Answer: Option D – bad debts
A group of people representing a cross-section of business interests in an area is?
A. chamber of commerce B. consumers’ association C. employers association D. manufacturers’ association Correct Answer: Option A – chamber of commerceProducts
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