Question: Question 1 (Marks: 15) Provide a brief definition or explanation of each of the following terms within the context of business management, together with an

Question 1 (Marks: 15) Provide a brief definition

Question 1 (Marks: 15) Provide a brief definition or explanation of each of the following terms within the context of business management, together with an original example. You are required to define each of the terms in your own words. Note: You will receive more marks for your own original examples than for examples in your textbook, from your lecturer, or on Learn. Q.1.1 Environmental scanning. (3) Q.1.2 Informal sector. (3) Q.1.3 Necessity entrepreneur. (3) Q.1.4 Limited liability. (3) Q.1.5 Intermediaries. (3)

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