(a) List four means of payment in business. (b) Explain the following: (i) Quotation (ii) Hire purchase (iii) Deferred payment (iv) Quantity discount.

Question 1 Report

(a) List four means of payment in business.

(b) Explain the following: (i) Quotation  (ii) Hire purchase  (iii) Deferred payment  (iv) Quantity discount.