Which of the following is an advantage of using credit?

JAMB Commerce 2023 46 views

Which of the following is an advantage of using credit?

  1. It encourages overspending
  2. It allows for immediate access to goods and services ✓
  3. It increases the risk of debt
  4. It limits purchasing power

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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