JAMB Commerce 2014 Objective — Question 44

Question 44 of 50 from the Joint Admissions and Matriculation Board (JAMB) Commerce 2014 Objective paper, with the correct answer and a full explanation.

Hire purchase is advantageous to the seller in that it

A. it elevates his living standard
B. his turnover will increaseCorrect
C. people pay instalmentally
D. it enhances level of patronage

Explanation

Hire purchase causes the turnover of the seller to increase because more people tend to patronise the seller because of the credit facility.

Sign up free to unlock

Score tracking
Practice history
Saved questions
Progress dashboard
Personalized sessions
Weak-topic breakdown

…and/or go further with premium services and No Ads.

Create free account

More questions from Commerce 2014 Objective More Commerce past papers