Question
Hello Parminder, I understand your point about renting the Blow-set machine. Don't you think she would be better advised to get her affairs in order.
Hello Parminder, I understand your point about renting the Blow-set machine. Don't you think she would be better advised to get her affairs in order. If she rented the machine, she would have to set up an agreement that allows her to return it at any time. This would be lower risk, but long term would cost her twice as much. This would be a good opportunity to utilize an Enterprise Risk Management protocol (Yates et. al. 2019). In this case she would have to determine the risk involved in making this purchase. I think that anyone assessing the risk would agree with you that the risk was too high to purchase the equipment. Perhaps a Lease to purchase agreement could be drawn up where she has the option to return the equipment but after a specified amount of time and payments, she would then own the machine. She would undoubtedly pay more than the purchase price, but less than if she just rented is. What are your thoughts on that?
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