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O-LevelCommerceCredit7100/12 · Oct/Nov 2019 · Q71 Mark

What is an advantage to a consumer of buying goods on credit?

AGoods may be returned by a customer who defaults on payment.
BIt enables consumers to inspect goods before purchase.
CPayment for the goods can be made over a period of time.
DThe retailer's profit may increase as customers pay interest.

✓ Correct answer

C: Payment for the goods can be made over a period of time.

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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 2, question 7.

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