Inkjet printing is often cheaper and more flexible, but laser is usually faster and printers a crisper, unsmeared document. This typically means installing an add-on piece of hardware to your existing unit. The upgrade may be more reasonable than buying a completely new unit. Multifunction machines typically have the capabilities of an average or low-end fax machine or printer. If performance is a serious issue or each function is used frequently, consider getting standalone equipment.
Printers can last years if well treated.
Multifunction units typically have a lower life expectancy, however, because they are more complex and can get more use. Keep the manual nearby in case you need help. Different functions in the same unit may have different DPI scores. Many managers trust them for crisp, clear professional documents. The number of pages the machine can store before printing.