ADMS 1000 Lecture Notes - Canadian Business, Oligopoly, Monopolistic Competition

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Session 1
Exploring the Canadian Business Environment: A Framework
What are the fundamental external forces which all organizations must confront in their struggle to
survive and prosper.
READING: Chapter 1
General external environment of business
The organization in the centre, external forces: Political, economic, labour, competitive, technological,
societal, global
READ SESSION 2 FOR MULTIPLE CHOICE: KEY DEFINITIONS, CHART, FACTORS OF PRODUCTIONS
What is an economic System?
Communism, Socialism, Market, Mixed
The laws of Supply and demand
Competition and the economy: Types of competition
Perfect of Pure Competition, monopolistic competition, oligopoly, and monopoly
CORPORATE SOCIAL RESPONSIBILITY
Charts, For and Against CSR
Stages of industry: introduction, growth, maturity, decline.
The industry life cycle is in four stages: Introduction, growth, maturity, and decline. Beer is in decline,
due to three factors, human taste has changed, newer demographic, and technological advancement.
People who drink beer most, 20-34, percentage of people who drink went from 13.5 to 10.5, thus
showing a drop in consumers. Consumer taste changed because ore people are drinking wine and
spirits.
Mid Term Cast Study Marking: Definte Theare
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Document Summary

What are the fundamental external forces which all organizations must confront in their struggle to survive and prosper. The organization in the centre, external forces: political, economic, labour, competitive, technological, societal, global. Read session 2 for multiple choice: key definitions, chart, factors of productions. Perfect of pure competition, monopolistic competition, oligopoly, and monopoly. The industry life cycle is in four stages: introduction, growth, maturity, and decline. Beer is in decline, due to three factors, human taste has changed, newer demographic, and technological advancement. People who drink beer most, 20-34, percentage of people who drink went from 13. 5 to 10. 5, thus showing a drop in consumers. Consumer taste changed because ore people are drinking wine and spirits.

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