C 100% Question 1 (Marks: 55) Consider the following scenario and then answer the questions that follow. You and two friends have identified a gap in the market in your hometown for work-from-home business clothing. This clothing is functional, comfortable and looks smart in online conferences and meetings. You decide to start a new business designing and manufacturing the clothing. In answering the questions below, consider the following: Maintain a balance between theory and application; All theory must be referenced from the textbook and other credible sources; Very limited use of direct quotes is permitted; you are required to paraphrase and explain concepts in your own words.