FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Subject: Entrepreneurship Question 1 The following information is related to a business: Country Style Enterprise has been in the business of selling clothes for the

Subject: Entrepreneurship Question 1 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. (5 Marks) b) Describe THREE (3) basic business concepts related to Country Style Enterprise. (15 marks)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Strategic Management Awareness And Change

Strategic Management Awareness And Change

Authors: Frank Martin , John Thompson , Jonathan M.Scott

8th Edition

1473726336, 978-1473726338

More Books

Students also viewed these General Management questions

Question

★★★★★
Discuss the organizational change management, evaluate a failed organizational change, identify a theory that could have been used to develop the change, and apply that theory to the failed change.

Answered: 1 week ago

Question

★★★★★
Holding other things constant, an increase in a nations interest rate reduces a. national saving and domestic investment. b. national saving and the net capital outflow. c. domestic investment and...

Answered: 1 week ago

Question

★★★★★
=+2. Write the appropriate number in the box next to each statement according to whether the statement describes your behavior always (3), sometimes (2), once in a while (1), or never (0).

Answered: 1 week ago

Question

★★★★★
Cepeda Corporation has the following cost records for June 2014. Instructions (a) Prepare a cost of goods manufactured schedule for June 2014. (b) Prepare an income statement through gross profit for...

Answered: 1 week ago

Question

★★★★★
lnventory must be available and properly positioned in the warehouse and on loading docks, for example, for effcientperformance. True or False? O True O false

Answered: 1 week ago

Question

★★★★★
In preparing a company's statement of cash flows using the indirect method, the following information is available: Net income Accounts payable decreased by Accounts receivable increased by...

Answered: 1 week ago

Question

★★★★★
Mary Jarvis is a single individual who is working on filing her tax return for the previous year. She has assembled the following relevant information: She received $94,000 in salary. She received...

Answered: 1 week ago

Question

★★★★★
Watershed is a media services company that provides online streaming movie and television content. As a result of the competitive market of streaming service providers, Watershed is interested in...

Answered: 1 week ago

Question

★★★★★
Each quarter, Transam, Inc., pays a dividend on its perpetual preferred stock. Today, the stock is selling at $83.45. If the required rate of return for such stocks is 10.5 percent, what is the...

Answered: 1 week ago

Question

★★★★★
Which of the following about the current ratio is false? Multiple Choice The current ratio is calculated by dividing current assets by current liabilities. The current ratio can affect a supplier's...

Answered: 1 week ago

Question

★★★★★
The density of 800 bbl of 14 ppg mud must be increased to 14.5 ppg using API barite. The total mud volume is limited to 800 bbl. Calculate the volume of old mud that should be discarded and the...

Answered: 1 week ago

Previous Question Next Question