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 Read More …

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