JAMB Commerce 2017 Objective — Question 30

Question 30 of 40 from the Joint Admissions and Matriculation Board (JAMB) Commerce 2017 Objective paper, with the correct answer and a full explanation.

Hire purchase is advantageous to the seller in that

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

Explanation

Hire purchase increases the seller's turnover as more people, drawn by the credit facility, patronise the seller — enhancing patronage.

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 2017 Objective More Commerce past papers