MGM101H5 Lecture 6: Management Lecture 6 Oct 18
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MGM101H5 Full Course Notes
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Within canada= domestic consumption: slowing canadian economy=all the goods that are produced and consumed in canada are slowing down. Mea(cid:374)s (cid:271)usi(cid:374)esses are doi(cid:374)g less: economic activity= the process of producing goods and services, gdp= gross domestic product, total value of goods produced (dollar value). Producing less, or prices decreasing- (cid:449)e do(cid:374)"t k(cid:374)o(cid:449) (cid:449)hi(cid:272)h o(cid:374)e it is: exports are falling= amount of merchandise we are producing and shipping is declining as a value. Selling less outside the country, will reduce our economic activity unless we can make it up somewhere else: some of the causes for the exports do decline: Canadian dollar appreciating, becomes more expensive for them. Find that our products become more expensive, therefore demand decreases. The pri(cid:272)e of oil dropped, should lead to greater de(cid:373)a(cid:374)d. that did(cid:374)"t happe(cid:374). Elevated inventory levels, they can either be sold, or be put into inventory and be sold at a later date. Increase supply will drive down prices, therefore lower value exports.
