Instead of borrowing money from suppliers to purchase equipment, an increasing number of small businesses are
A) obtaining trade credit instead.
B) making these purchases outright.
C) choosing to lease the equipment.
D) opting to streamline assembly processes to reduce expenditures.

Question

Quizplus · Accepted Answer

Leasing equipment allows small businesses to obtain necessary equipment without having to make a large upfront payment. It also provides flexibility in terms of upgrading or replacing equipment as needed. Additionally, leasing can provide tax benefits as lease payments can be deducted as a business expense.

Instead of Borrowing Money from Suppliers to Purchase Equipment, an Increasing