Question

Easy instalment schemes for durables, for example 24 instalments with some paid upfront, are known as which sales promotion activity?

Options

• Full finance @ 0%

• Rebate

• Lucky draw

• Refunds

Answer 1

Full finance @ 0% refers to easy instalment schemes for durables, for example 24 instalments with some paid upfront. The scheme appears interest-free but file charges may actually be advance interest.