Assignment title: Information
i) Suppose you and two friends want to start a business. None of you have much extra money, so you plan to start small. However, if you are successful, you would like to expand into other types of related businesses and perhaps even open branches in other locations. Prepare a report that covers the following points :
What business would you start, and why?
What form of ownership should your new enterprise take, and why?
How will you ensure the consistent delivery of quality?
How will you promote your business effectively?
Explain the possible expansion strategies of the business using Ansoff’s matrix.