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Answer» Value Payable Post (VPP): - VPP is a service from postal department where in the buyer of a product wishes to pay for that product after he receives it through post. (Note: It is somewhat similar to Cash On Delivery (COD) offered by online stores these days.)
- In this system when a producer or a seller receives an order from a buyer he packs the demanded good, goes to post office and asks it to deliver through VPP to the buyer.
- When the buyer receives the product he pays the postman the predetermined price plus postal department’s service charges.
- The producer/seller then receives his money from postal department.
- VPP is quite popular parcel service.
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