Good and services transferred from seller to buyer without i…

JAMB Commerce 2023 56 views

Good and services transferred from seller to buyer without immediate payment is referred to as

  1. hire purchase
  2. mutual understanding
  3. credit sale ✓
  4. leasing

Explanation

This answer correctly describes the business or trade concept. Commerce deals with buying, selling, and business operations.

The other options relate to different aspects of business or trade. They aren’t the best answer here.

Understanding this helps you grasp how businesses operate and how trade happens.

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