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A business requires new manufacturing equipment - HSC - SSCE Business Studies - Question 4 - 2019 - Paper 1
Question 4
A business requires new manufacturing equipment. Which of the following would provide leasing for this equipment? A. Unit trusts B. Property trusts C. Finance compan... show full transcript
Worked Solution & Example Answer:A business requires new manufacturing equipment - HSC - SSCE Business Studies - Question 4 - 2019 - Paper 1
Step 1
Identify the correct option for leasing manufacturing equipment
Answer
The provision of leasing for manufacturing equipment is primarily associated with financial institutions. Among the given options, Finance companies (Option C) are specifically designed to provide financial services, including leasing equipment for businesses. Thus, the correct answer is C. Finance companies.