Business Management Degree BMT300 Study Guide - Midterm Guide: North American Free Trade Agreement
DepartmentBusiness Management Degree
Course CodeBusiness Management Degree BMT300
This preview shows pages 1-2. to view the full 6 pages of the document.
Unit 1 Notes
The Business Cycle
Prices go down
Boom (at a very well position)
+ Interest rates
Benefits of International Trade
Meeting consumer needs
Job creation (1 in 3 jobs due to exports)
Attract investment (offices, factories, warehouses)
Drawbacks of International Trade
Promote unjust treatment of others
Decrease national identity
Political Issues (Unjust government system)
Why go Global?
Expand markets and increase sales
Control expenses – decrease production costs
Diversification – new target markets
Only pages 1-2 are available for preview. Some parts have been intentionally blurred.
What is Competitive Advantage?
Customer loyalty (customer come back)
Distribution channels (get their market quickly)
Quality of Service (make sure customers are always deal with
Partnerships with suppliers (great partnership with supplier, get the product to the
What is the Canadian Competitive Advantage?
Infrastructure = strong transportation and communication
Strong currency and exchange rates
Lower inflation rates
Natural Resources – lots in high demand
Workforce – well educated, low turnover, high computer literacy
Entrepreneurship = innovation
Why do business in Canada?
Low production & business costs (lands, utilities labour)
Continued investment in education
Positive business climate – 4th in the world
High quality of life
Government involvement – fair tax system
Drawback to Canada
Distance to world markets
Competition with multinationals from other countries
Political uncertainty of Quebec
Small domestic market (large country-Canada)
You're Reading a Preview
Unlock to view full version