Answer:
Purchase or Lease is the stage of the Hardware Lifecycle to which this scenario belongs to.
Explanation:
Stages of Hardware Lifecycle Management:
1. Plan
Plan is made to check which things are needed and will help us in short and long terms so, that it remains in budget and can give us more productivity.
2. Purchase or Lease
We do check whether we need to use the things for long term or short term. If long term we can buy it but, for short term we can always take it on lease.
3. Deploy & Install
New equipments are placed at required places for their usage.
4. Maintenance
We need to have maintenance service which are done by third-party companies so, that all equipments work smoothly.
5. Upgrade
We need our company to be efficient so, we do upgrade equipments like getting new version of it and to maintain that it work for long time.
6. Parts & Repair
If repairing of equipments are done it can serve for more longer time.
7. Extend
We can extend the equipments warranty period so, if any major component gets damaged it can get replaced or removed free of cost rather than spending extensive money.
8. Buyback or Trade In
We can sell the used equipments so, we can have extra money by which we have taken the work of equipment even and got price for it.
9. Dispose or Recycle
We should dispose or recycle after the time you realize it can't be used anymore or repairing it will be wastage of money. So, dispose or recycle it.
