BSM 100- Final Exam Guide - Comprehensive Notes for the exam ( 25 pages long!)
28 Mar 2018
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Document Summary
In the last decade, the players, what consumers want, and how we buy has changed. Companies are being launched and are growing faster than ever. Mature firms are being merged, acquired, and dissolved. So what ? (is this significant for you ??) Not-for-profit organizations focus on health, human services, education, art, religion, and culture. Canada"s 161 000 non-profits contribute more than billion to the economy. While focused on doing good rather than financial gain, non-profits are businesses in every other sense: they employ people, take in revenue, and produce goods and services. Businesses rely on some combination of these factors. Entrepreneurial activity can kick-start an economy by harnessing the other factors of production. Government takes an active role to support businesses: Economic development is supported by industry canada. Provinces promote economic development by providing investment and tax. Companies must focus on loyal customers because they are the vocal promoters of their products/services.
