Sonor Designs Is a Small Business That Makes Greeting Cards

question 59

Multiple Choice

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

• A)asset leasing.
• B)crowdfunding.
• C)factoring.
• D)microfinancing.

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