RSM100Y1 Study Guide - Final Guide: Canadian Business, Marginal Cost, Canadian Dollar
Document Summary
It is affe(cid:272)ti(cid:374)g orga(cid:374)izatio(cid:374)"s produ(cid:272)tio(cid:374) pro(cid:272)ess i(cid:374) atte(cid:373)pts to (cid:373)itigate the negative environment implications. It is driving business to think of renewable energy instead of relying on limited energy sources, such as fossil fuels. Consumers are influenced by the negative impacts of climate change when buying certain products (ecofriendly products etc. ) Important natural resources are being depleted so it is in the best interest of firms to find renewable resources instead in order them to benefit in the long-run. In canada oil and natural gas are crucial inputs in our economy and global warming is threatening the profitability and sustainability of canadian businesses long term. As consumers become more knowledgeable of global warming there will be less demand for fossil fuels, therefore businesses will be driven to find new alternatives to fossil fuels. Ability to buy high volumes of inventory from suppliers at a low marginal cost. Geographical convenience and product convenience (large selection)
