The Objective of the Economic Community of West African States

question 75

Multiple Choice

The objective of the Economic Community of West African States (ECOWAS) was to:

• A)Reduce trade barriers among member countries
• B)Eliminate trade barriers for nonmember countries
• C)Form a customs union and eventual common market
• D)Form a common market and eventual political union
• E)Form a political union

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Definitions:

Inherent Factors

Characteristics or attributes that naturally exist within a person, object, or situation from the beginning.

Flexible and Innovative

The ability to adapt to changes and introduce new ideas or procedures effectively.

Management Expertise

The specialized knowledge and skills required to effectively organize, direct, and control business operations.

Industry Classification Codes

Numerical codes assigned to businesses and organizations to categorize them according to their main production processes, facilitating industry analysis and comparison.