MGTA01H3 Study Guide - Final Guide: Strategic Management, Goal Setting, Pest Analysis

• School: UTSC
• Department: Management (MGT)
• Course: MGTA01H3
• Professor: Chris Bovaird

Document Summary

The world marketplace per capita income the average income per person of a country. High-income countries greater than ,065 (e. g. canada, u. s. , europe, australia, south korea) Upper-middle-income countries between ,255 and ,065 (e. g. czech, greece, hungary, etc. ) Low middle-income countries between and (e. g. colombia, thailand, guatemala) Low-income countries less than (i. e. developing countries) North america: united states dominates the na business region & canada plays large role. Europe: western dominated by germany, uk, france, italy ecommerce and technology; eastern once communist now marketplace and producer (hungary) Asia-pacific: automobile, electronics, and banking industries; asean (thai, malay, indonesia, viet) Factor conditions are the factors of production: labour, capital, entrepreneurs, natural resources. Demand conditions reflect a large domestic consumer base that promotes strong demand for innovative products. Related and supporting industries strong local or regional suppliers and/or industrial customers. Exchange rates euro a common currency shared among most of the members of eu (excluding denmark, sweden, uk)