4.4.2 - High Initial Investment
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Practice Questions
Test your understanding with targeted questions
What does high initial investment refer to?
💡 Hint: Think about the costs involved when starting automation.
Why might small businesses struggle with high initial investments?
💡 Hint: Consider what resources smaller companies generally have.
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Interactive Quizzes
Quick quizzes to reinforce your learning
High initial investment refers to the:
💡 Hint: Think about the setup phase of automation.
True or False: Small businesses generally find it easier to manage high initial investments.
💡 Hint: Consider the financial capacity of smaller companies.
1 more question available
Challenge Problems
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A small manufacturing firm has to decide whether to invest in a new automated production line. The initial cost is $500,000. They expect average annual savings of $150,000. How many years will it take to recover the investment?
💡 Hint: Consider how to calculate the return on the investment over time.
Discuss how an initial investment in automation might reflect on an entire industry’s competitiveness in a global market.
💡 Hint: Think about scaling and operational advantages as reasons to invest.
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