Hire purchase is advantageous to the seller in that
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Correct Answer: Option B
Explanation:
[b]Advantages of hire purchase to seller.[/b]
Increases sales and thus profits.
It encourages impulse buying.
They get commission from Finance Houses.
Insurers good during the Hire Purchase period.
The seller has the right to repossess the goods if the buyer defaults on payment.
[b]Advantages of hire purchase to seller.[/b]
Increases sales and thus profits.
It encourages impulse buying.
They get commission from Finance Houses.
Insurers good during the Hire Purchase period.
The seller has the right to repossess the goods if the buyer defaults on payment.