ACTIVITY 7 7.1 Read the following text and answer the following questions. VENTURING AND EXPANDING Businessmen have realised that it is not always necessary to start a business from scratch. In order to expand, wise businessmen have given other businesses a right to sell their similar products within some regulations. Others have been smart enough to realise that their small items that require regular maintenance can make money for by contracting them to another business. It is even more advantageous when an institution decides to focus on its vision and improve their quality by allowing specialists to perform other duties on their behalf. 7.1.1 Identify THREE ways of acquiring a business avenue from the scenario above. Motivate your answer by quoting from the scenario above. (9) Use the table below to present your answer. BUSINESS AVENUE MOTIVATION 7.1.2 Analyse the impact of each of way of acquiring a business avenue identified in QUESTION 7.1.1. (18) 7.1.3 Outline the contractual obligations of any TWO of the ways to acquire a business avenue identified in QUESTION 7.1.1 (12)​
