'Buy now and pay later' is the philosophy used by:
A) upper classes that can afford to pay finance charges.
B) lower classes that cannot afford to pay for something they want now.
C) middle classes that are waiting for their investments to mature.
D) all classes equally.

Question

Quizplus · Accepted Answer

'Buy now and pay later' is a marketing strategy used by businesses to attract lower-income households who cannot afford to pay for something they want immediately. This strategy allows them to make purchases they could not otherwise afford and pay in installments over time. Upper and middle-class individuals usually have sufficient funds to make immediate payments and tend to avoid financing purchases to avoid interest charges.

'Buy Now and Pay Later' Is the Philosophy Used By