Q.3.1

The projected industry growth promises greater prospects for the Lancewood business. Examine the potential risk levels posed to Lancewood when expanding their business deeper into South Africa and further into Africa, due to the following risk factors:

Theft

Human error.

Make a recommendation to the business on how to they should go about mitigating each risk.

(20)

Note: you are required to provide a paraphrased overview of the concepts before providing at least one application point for each and a recommendation.

Q.3.2

The forecasted industry growth might require Lancewood to seek additional storage space from public warehouses. Explain the extent such an industry growth could affect selection when these factors are taken into consideration:

Geographical location

Available technology.