Question

importance o hire purchase

Answer 1

importance of hire purchase -

1 . goods purchased in not full cash

2. no burden taken by reciever

3. purchased any thing that some one want

and etc.

hope it's help u

Answer 2

Answer:

Importance Of Hire Purchase System

• Use of costly Goods :- Hire purchase system is beneficial to the purchaser as he can use costly goods and is able to pay for it conveniently in Installment.

• Facility to return :- The Purchaser can return the goods to the seller and can get the contract cancelled incase the utility of the goods are reduced.

• Increase in sales :- As the payment of goods are made in easy Installments, so those persons also Purchase who don't have enough money to pay. Hence, the sales is increased.

• Increase in standard of living :- Hire Purchase System helps in increasing the standard of living as the people can afford costlier goods too .

hope it may help you...

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