MGTA01H3 Lecture Notes - Labour Force Survey, Small Business, Competitive Advantage
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MGTA01H3 Full Course Notes
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Chapter three: understanding entrepreneurship, small business + new venture. Defining a small" business can be tricky. Various measures might be used : number of people the business employs, company"s sales revenue, size of investment, type of ownership. Industry canada main federal government agency responsible for small business. Government relies on two distinct sources of information: business register tracks businesses, labour force survey tracks individuals. To be included in register : have at least one paid employee, annual sales revenue of 000 or more, or be incorporated. Considered small : for goods producing business fewer than 100 employees, service-producing business fewer than 50 employees. Labour force survey uses information from individuals: make estimates of employment and unemployment levels, self-employed working owners of a business, working for themselves www. notesolution. com. Majority of the businesses in canada have no employees nor are they incorporated. Small business: an owner-managed business with less than 100 employees.
