Question

What are the market union involvement in marketing

Answer 1

They settle disputes among members. They help to promote unity among members. They encourage joint purchase of products among members to enjoy economies of scale. They disseminate useful information in the market to their members.

Answer 2

A market union is a voluntary association of traders who lives in particular commodities who come together to promote their own objectives.

• The main objective of the market union is to come together to protect and advance the interest of its members. The ensure welfare of its members and protect the reliability of the trade by achieving higher wages and securing other economic benefits.
• They help in the marketing of the product and also help in establishing contact between the workers and the employers.