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O-LevelCommerceCredit7100/11 · Oct/Nov 2019 · Q81 Mark

What is an advantage to the purchaser of buying a product on credit?

ACredit checks may be made on the buyer.
BInterest may be charged by the seller.
CPayment is postponed until a later date.
DThe buyer may have increased debts.

✓ Correct answer

C: Payment is postponed until a later date.

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About this question

Topic
Credit, O-Level Commerce (syllabus 7100). Multiple choice, 1 mark.
Source
O-Level Commerce, Oct/Nov 2019 Paper 1 Variant 1, question 8.

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