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IQ QUIZ#
17
CATEGORY
Machine Shop Operations
What's the best strategy for a machine shop to finance new equipment purchases?
A
Lease
B
Bank Loan
C
Government Grant
D
Cash
What's the best strategy for a machine shop to finance new equipment purchases?
A
Lease is the best strategy for a machine shop to finance new equipment purchases.
WHY
The lease allows machine shops to acquire advanced equipment without upfront costs, preserving cash flow. Plus, it’s easier to upgrade when the technology evolves.
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