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JAMB Commerce 2014 Question 44

Question 44

Purchase and Sale of Goods

Hire purchase is advantageous to the seller in that

  1. A.it elevates his living standard.
  2. B.his turnover will increase.
  3. C.people pay instalmentally.
  4. D.it enhances high level of patronage.
Show the answer and explanation

Answer: B (his turnover will increase.)

Explanation

Selling on instalments attracts more buyers, so the seller's turnover rises.