Explain the Term Leverage

question 232

Essay

Explain the term leverage. When is it more favorable for firms to use this strategy?

---

Definitions:

Reflecting

The process of thinking deeply or carefully about something.

Paraphrasing

Restating text or passage in one's own words, differing from the original version but preserving the essential meaning.

Closed Questions

Questions formulated to elicit a specific, often "yes" or "no," answer, limiting the scope of responses.

Open Questions

Inquiries that cannot be answered with a simple yes or no, encouraging more detailed and thoughtful responses.