BUS 201 Lecture Notes - Lecture 2: Gross Domestic Product, Business Process Management, Money Supply

• School: Simon Fraser University
• Department: Business Administration
• Course: BUS 201
• Professor: Peter Tingling

Document Summary

Multiple organizational environments: organizations have multiple environments. Some, like prevailing economic conditions, affect the performance of almost every business: the business organization is affected by external environment. 2)the economic environment: the conditions of the economic system in which an organization operates. Key economic goals: economic growth, economic stability, full employment. Economic growth overview: the business cycle the typical pattern of short-term ups and downs in an economy (peak, recession, trough and recovery, aggregate output. Real gdp: gross national product (gnp, productivity value of all goods and services produced by a national economy within a given period with domestic factors of production standard of living improves through increases in productivity. Occurs when there is widespread price increases in an economic system. Level of joblessness among people actively seeking work in an. Managing the canadian economy: stabilization policies. Involves in collection and spending government revenues.