The correct answer is: An acquisition of Desks Direct Co, a firm that operates in the same region supplying the cheaper end of the market.

Venture capital would normally be appropriate for a business acquisition that would expand the business into new markets, thus requiring a significant injection of new capital.

Venture capital is also described as "Risk Capital", as it is often used in circumstances where high risk and therefore high returns are expected.

Neither the replacement of equipment nor the lease would be typical of risky ventures. The scale of the expansion of the design consultancy is probably too small to attract a venture capitalist.