MGTA05H3 Study Guide - Final Guide: Canadian Imperial Bank Of Commerce, International Trade, Primary Sector Of The Economy
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MGTA05H3 Full Course Notes
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Chapter 7: enterprise & entrepreneurs (cid:343)free marke (cid:344) economic sys em marke economy. No fees, few reg la ions, no governmen permission. Mos are small ((cid:343)small(cid:344) is hard o define) Common me hod: less han 100 employees, 100-499 employees, 500+ employees. Small b sinesses crea e mos of canada"s new jobs. Individ als have he freedom o s ar and r n b sinesses wi ho b rea cracy or reg la ion. *only in erac ion wi h he governmen is ha we m s pay income axes (if yo make more han ,600) Commonly sed acronym describing small and medi m-sized en erprises, meaning ha he company has. Small and medi m-sized en erprises fewer han 500 employees. No defini ive g ide o ell s a b siness" chance of s rvival. Easy o s ar , eq ally easy o close or fail.