passwella.
Menu

JAMB Commerce 2002 Question 49

Question 49

Purchase and Sale of Goods

An advantage of hire purchase to the consumer is the

  1. A.economies of scale in production
  2. B.possession of goods before payment
  3. C.increase in turnover and profits
  4. D.low interest rate chargeable.
Show the answer and explanation

Answer: B (possession of goods before payment)

Explanation

Under hire purchase the buyer uses the goods while still paying in instalments.