MGTA01H3 Lecture Notes - French Wine, Jargon

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Published on 15 Apr 2013
School
Course
Professor
MGTA03 Week 8 March 5, 2013
Review
- Canadian exports
- Balance of Trade
- Barriers to Trade
Barriers to Trade
- What: Government restrictions that
o Hurt foreign countries
o Hurt foreign businesses
o Help domestic businesses
- Why? To create jobs here
Tariffs
- A fee, or a cost, imposed on an item imported into a country
o Ex. French wine being imported into Canada
Import “Quotas”
- A limita maximum quantity on a particular good that can be imported into Canada
Subsidies
- Financial assistance paid to a business or an industry
- To help a business that is not profitable
- To help a business to grow
o (From Latin, sub-sidere, meaning “To sit behind”)
Embargos
- The partial or complete prohibition of trade with a country, in order to isolate it
o Examples
USA refuses all trade with Cuba
Canada refused all trade with South Africa during apartheid
- Has nothing to do with economics, has something to do with politics
Chapter 6 Business Strategy
Strategy Key Points
- Strategy: Defined and explained
o A business must have a purpose
- Mission
o Setting goals and directions
- Leadership
o Communicating goals and direction
Strategy Introduction
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Document Summary

Mgta03 week 8 march 5, 2013. What: government restrictions that: hurt foreign countries, hurt foreign businesses, help domestic businesses. A fee, or a cost, imposed on an item imported into a country: ex. A limit a maximum quantity on a particular good that can be imported into canada. Financial assistance paid to a business or an industry. To help a business that is not profitable. To help a business to grow (from latin, sub-sidere, meaning to sit behind ) The partial or complete prohibition of trade with a country, in order to isolate it: examples. Canada refused all trade with south africa during apartheid. Has nothing to do with economics, has something to do with politics. Strategy: defined and explained: a business must have a purpose. Sometimes: hard to see how to accomplish that purpose. Determining the organisation"s long term goals, and taking the actions necessary to achieve those goals.

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