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O-LevelCommerceCredit7100/12 · Oct/Nov 2021 · Q91 Mark

Why do many retailers offer credit to their customers?

ACustomers can improve their standard of living.
BIt will reduce their overheads.
CTheir competitors already offer credit.
DThey have to wait for payments.

✓ Correct answer

C: Their competitors already offer credit.

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About this question

Topic
Credit, O-Level Commerce (syllabus 7100). Multiple choice, 1 mark.
Source
O-Level Commerce, Oct/Nov 2021 Paper 1 Variant 2, question 9.

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