Question $3$

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$20$ Marks

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Study the scenario and complete the question$($s$)$ that follow:

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You are reviewing various business models to determine the best fit for your new venture. The choice of business model will significantly impact how your business creates, delivers, and captures value.

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$1.$ Describe and evaluate two different business models that could be suitable for a new business in South Africa.$$

$(10$ Marks$)$

$2.$ Explain how a well$-$defined business model contributes to the overall success of a business. Demonstrate how the selected business model provide a high probability of your business success. $$

$(10$ Marks$)$