Answer: Businesses that offer hire-purchase arrangements can exploit consumers in these ways through High-Interest Rates, Hidden fees.
Step-by-step explanation:
However, some businesses charge high-interest rates on these payments, making it difficult for consumers to pay off their debt. This can lead to a cycle of debt, where consumers cannot make payments and end up paying more than the product's original cost.
Hidden fees: Another way businesses offering hire-purchase arrangements can exploit consumers is by hiding fees. Some businesses may add fees to the hire-purchase agreement, which can be difficult for consumers to understand.