ADMS 1000 Lecture Notes - Lecture 1: Canadian Business, International Trade, International Tropical Timber Organization

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ADMS 1000 Full Course Notes
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ADMS 1000 Full Course Notes
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Document Summary

Change a shift in how an organization operates. Labour one of the five factors of productions. Structure planned relationship in the organization; division of labour, span of control, level of formalization and how centralized decision making. Specific or tax environment the environmental within which a particular organization operates, which is ultimately shapes by the general environment (stakeholders, customers, competitors, suppliers) General environment the environment shared by all organizations in a society such as the six forces. External stakeholders individuals who bear some kind of risk, whether financial, physical or other, as a result of corporation"s action. State of the economy: expansion (slow, moderate, high growth, peak, contractionary (recession, trough. Interest rates: low interest rates lower financing costs, high financing costs higher financing costs. Currency rate: appreciating more expensive foreign countries to buy canadian goods, less expensive for canadians to buy foreign goods. How is changing technology impacting or changing business. Technological advances led to reduced operation costs.

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