BU111 Lecture Notes - Lecture 3: Canadian Dollar, Stakeholder Management, Information Technology

• School: WLU
• Department: Business
• Course: BU111
• Professor: All

Document Summary

Relects relaionship between business and government, government regulaion of business. Afects uncertainty, risk, and constricts/costs faced by irm. New major/provincial leaders can afect many organizaions, especially small irms that do business in a single locaion and are suscepible to zoning restricions, property and school taxes, etc. Government can create incenives, constraints, support/bail out when needed if business closes, people lose jobs, suppliers sufer, communiies sufer; thus easier to just prop up the business. 1. determine what companies must and must not do regulaion protects consumers (ex: banks) Government regulates certain industries wants to ensure that there is an adequate amount of compeiion, but prevents too much compeiion: taxes. The government uses taxes to subsidize things such as educaion and health care. Use taxes & the way they tax us to create incenives/disincenives to do certain things: trade agreements or condiions.