Question

many companies always look out for the consumer and give them repayment plans that can be paid off in the shortest amount of time. True or False.

Answer 1

Many companies always look out for the consumer and give them repayment plans that can be paid off in the shortest amount of time. - False

Explanation:

The main aim of any business is to gain profit from the products or services that they sell to their customers. They must attain the money that they invested in that particular product's production, raw materials, labors,etc. When a company decides to sell any of its products or services at free of cost during the selling point and accept to get it back in any time after that it will be a big loss to them.

This is because the value of money that we get today will not be same as the value of money in future. He can accept to get paid for the products and services sold to a consumer at least in installments. But, any company selling products will never keep on looking for the customers for payments through some repayment plans.