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When Is It Advantageous to Rent Instead of Buy

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When is it advantageous to rent instead of buy?


Definitions:

Innovation

The act of inventing, evolving, and applying novel concepts, goods, or techniques to enhance or substitute the current ones.

Observability

The degree to which the results of an innovation or change can be seen and understood by others.

Diffusion

The process by which innovations or cultural practices spread within and across populations over time.

Pilot Change

An initial, small-scale implementation of a change or a new project intended to test its feasibility and effectiveness before wider application.

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