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2. The following information is related to a business. Country Style Enterprise has been in the business of selling clothes for the past seven years.

2. The following information is related to a business. Country Style Enterprise has been in the business of selling clothes for the past seven years. Every week, the owner will stock new clothes to meet the varied tastes of consumers. Country Style Enterprise earns a profit of RM70,000 a year. Based on the above information, answer the following questions: a) Explain the definition of business. (3 Marks) b) Describe THREE (3) basic business concepts related to Country Style Enterprise. (12 Marks)

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