Opportunities exist for purchasing of necessary durable goods by installment. a) Describe two methods commonly used for this purpose. 4mks b) Mention three advantages of each to: i) The manufacturers 6mks ii) The consumer 6mks c) Give any two differences of the two methods.

Methods of buying goods in instalment. –  Hire purchase –   A system where the buyer agrees to pay for the commodity in instalments.  The buyer obtains the possession of the article on the down payment (deposit) but the title of… Read More