Opportunities exist for purchasing of necessary durable goods by instalment (a) Describe two methods commonly used for this purpose 4mks (b) Mention three advantages of each to: (i) Manufacturers (ii) Consumers 12mks (c) Give any two differences of the two methods 4mks

HIRE PURCHASE :- A  system where the buyer agrees to pay for the commodity in installment. The buyer obtains the possession of the article on the down payment (deposit) but the title of ownership remains with the seller until the… Read More