Sonor Designs is a small business that makes greeting cards.Because of the small scale of the firm's operations, it cannot afford to purchase the expensive printers it needs to make greeting cards.Instead, it rents the printers from another organization.In the context of business financing, Sonor Designs renting essential business equipment from another company is an example of

Question

Quizplus · Accepted Answer

This situation describes asset leasing, where a business rents essential equipment needed for its operations instead of purchasing them outright.

Sonor Designs Is a Small Business That Makes Greeting Cards