Hire purchase is advantageous to the seller in that

Assessment: JAMB UTME - Commerce - 2021 Subject: Commerce

Question 1 Report

Hire purchase is advantageous to the seller in that 
Answer Details
To the seller, a hire purchase would mean more people who are unable to pay for a product in full being able to get access to the product while paying on installment. A hire purchase benefits the seller in the sense that the level of patronage increases as more people will be willing to buy and pay in bits for a specified period of time.
Read lesson note on Purchase And Sale Of Goods (JAMB)
Read lesson note on Commerce (JAMB)
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