GMGT 1010 Lecture Notes - Lecture 40: Territorial Formula Financing, Military Acquisition

• School: University of Manitoba
• Department: General Management
• Course: GMGT 1010
• Professor: Brock V.Cordes

Document Summary

The territorial formula financing program provides territorial governments with funding to support public services, in recognition of the higher cost of living in the north. Governments are the largest buyers in canada of goods and services. Governments attempt to favor local businesses in their purchasing policies, including trade barriers between provinces. When advanced technology items must be obtained from foreign companies, out governments usually insist that a certain minimum portion be manufactured in. This enable canadian companies to acquire advanced technology know-how and to provide employment. Contacts are often awarded to help canadian businesses even if they are sometimes more expensive than bids by non-canadian companies. The federal government has departments that provide services to businesses and consumers. There are corresponding departments in many of the provinces industry canada: These programs are apart of a larger one called canada business network, that involved setting up canada business service centers in every province and territory.