BU111 Lecture 22: Lecture 22 2016-11-30
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BU111 Full Course Notes
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Elements: laws, regulations, taxes, trade agreements or conditions, political system, political stability. Protection of consumers, support for and protection and regulation of domestic businesses, opportunity creation in foreign markets. Business implication: affects uncertainty, risk, and constraints/costs faced by firm. Most easily influenced because people elect government and decisions are made by humans that can be influenced. Government must constantly balance stakeholders it deals with. Government as a consumer buy products & services: reliable as they buy in large quantities and pay back their debts, they have buyer power. Government as a competitor canada post, cbc: avoid government as a competitor as they are more trustable, their services are cheaper. Government as a regulator/law maker: regulates business activity; influences technology standards canadian radio & Barrier to entry (wind vs. bell and rogers: purpose: Promotes competition competition act, small business support. Affects ri(cid:448)alr(cid:455) i(cid:374) porter"s as it i(cid:374)creases co(cid:373)petitio(cid:374)
