Question
State FOUR advantages of buying goods on credit over hire purchase buying.
Answer
(i) There is no deposit required or down payment before goods are released.
(ii) Ownership of goods is passed on to the buyer immediately.
(iii) It is a cheaper method of purchasing.
(iv) Goods cannot be reposed.
(v) Goods are released as the customer is the legal owner.
(ii) Ownership of goods is passed on to the buyer immediately.
(iii) It is a cheaper method of purchasing.
(iv) Goods cannot be reposed.
(v) Goods are released as the customer is the legal owner.
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