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6 marksPromotion, Sales and Consumer Protection

CSEC Principles of Business · May/June 2012 · Paper 2 · Question 3(d)(i)

Maggie plans to buy a refrigerator from a local store.

Discuss any TWO of the following 'terms of sale' options that are available to her: a) Hire purchase, b) Lay away plan, c) Credit sale, d) Credit card.

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Other parts of this question

  1. 3(a)Define the term 'e-commerce'.[2 marks]
  2. 3(b)State TWO advantages and TWO disadvantages of 'e-commerce'.[4 marks]
  3. 3(c)Outline TWO reasons why firms offer trade discounts.[4 marks]
  4. 3(d)(ii)Given that Maggie buys the refrigerator and it stops working after one month, advise her of TWO actions which she may take to get compensation from the store.[4 marks]

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