MGM101H5 Lecture Notes - Lecture 5: Government Spending, Gross Domestic Product, Consumer Confidence Index

• School: UTM
• Department: Management
• Course: MGM101H5
• Professor: Pavreen Gill

Document Summary

Agenda: wrapping up forms of business ownership, what"s happening in the business world, chapter on business environment, biz caf period 2 analysis and discussion. Learning objectives: what is business environment, review and analyze the economic environment and its impact on business, review and analyze the legal and socio-cultural environment and their impact on business organizations. A core requirement to the stability and growth of an economic system lies in its ability to service and promote both the current and future economic activity taking place. Business: the economic environment looks at income, expenditures, and resources that affect the cost of running a business, businesses review the results of major economic indicators such as consumer spending, employment levels, and productivity. Canada possesses one of the most fully developed economic systems in the world. Canada"s abundance of natural resources, skilled labour force and sophisticated technology-based businesses have enabled the economy to grow and prosper over the past 200 years.