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JAMB Commerce 2006 Question 41

Question 41

Purchase and Sale of Goods

Hire purchase is beneficial to the seller because

  1. A.it enhances his living standard
  2. B.it increases his turnover
  3. C.people pay instalmentally
  4. D.of the patronage he enjoys.
Show the answer and explanation

Answer: B (it increases his turnover)

Explanation

Because buyers can pay in instalments, more people buy, so the seller's sales (turnover) rise.