Hire purchase is advantageous to the seller in that
- it elevates his living standard
-
his turnover will increase
- people pay on installment
- it enhances high level of patronage
The correct answer is: B
Explanation
Advantages of hire purchase to seller.
- 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.