3.17.1 - High Initial Investment
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Practice Questions
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What is meant by 'initial investment'?
💡 Hint: Think about what it takes to start using new technology.
List one reason why high initial investments are a challenge for small companies.
💡 Hint: Consider the financial size of companies.
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Interactive Quizzes
Quick quizzes to reinforce your learning
What is a major challenge for small construction firms regarding robotics?
💡 Hint: Think about financial limitations.
True or False: Initial investment includes ongoing maintenance costs.
💡 Hint: Consider the definition of each term.
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Challenge Problems
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Analyze how small construction firms can overcome financial barriers to adopting robotics without having to take on significant debt.
💡 Hint: Think about collaboration strategies.
Evaluate the impact of high initial investments on the competitiveness of small construction firms against larger firms in the robotics space.
💡 Hint: Think about market dynamics and strategies small firms might adopt.
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