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