Examlex
PoolPak produces climate-control systems for large swimming pools.The company's customers are more concerned about service support for maintaining a system than its initial price.PoolPak may use this knowledge to become more competitive through ________.
Capital Lease
A lease agreement that designates the lessee (the party leasing the asset) as the owner for accounting purposes, and it generally spans a significant portion of the asset's life.
Accounting Purposes
The rationale or objective behind various accounting practices, often to comply with regulatory requirements or to provide clear financial information.
Lease Term
A fixed period during which a lessee has the right to occupy or use a leased asset.
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