Hire purchase is important because it gives a consumer with less financial ability,the privilege of owning goods with less money.
origin and development of hire purchase
Hire purchase can give the good profit,
One advantage of hire process is that it allows low-income individuals to purchase items that would otherwise be out of their budget. Hire purchase is also known as installment plan.
consumer good is when you buy or purchase a good. consumer good is when you buy or purchase a good.
There are six stages in the consumer buying process. There are: Problem Recognition which is considered as the most important, Information Search for recognizing the problem, Evaluation of Alternatives for evaluation of the product, Purchase Decision where the purchase decision falls, Purchase where the customer has decided to purchase and the Post-Purchase Evaluation where the insights of the customer of being satisfied or not.
The legal term for hire purchase is a contract. Companies may prefer using hire purchase because it spreads the costs of expensive items over a period of time.
If a company fails to make it's repayment under the hire purchase agreement then the loan providers can tale the goods bought under the hire purchase as settlement for the loan.
higher purchase
caluculation of intrest under hire purchase system
The verb to hire has the participle adjectives hiring and hired. For the noun hire, it can be used as a noun adjunct (hire car, hire purchase).
the purchase of a consumer (CONSUMER) (: welcomeee
Hire Purchase