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ECON 1B03 Chapter Notes - Chapter 4: Demand Curve, Ice Cream Cone, Hyperbola
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Price Elasticity of Demand Elasticity Measures the responsiveness of quantity demanded or quantity supplied is to changes in price or other determinants If price changes, will quantity demanded change by a little, or a lot...

Economics
ECON 1B03
Hannah Holmes
COMMERCE 1E03 Chapter Notes - Chapter 6: Multinational Corporation, Market Impact, Franchising
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Chapter 6 1) Sole Proprietorship Advantages include the following: Be your own boss No special taxes Less regulation Retain profit Disadvantages Unlimited Liability Limited financial resources Limited growth Limited lifesp...

Commerce
COMMERCE 1E03
Andrea Macchiusi, Rita Cossa
COMMERCE 1E03 Chapter Notes - Chapter 12: Management Development
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Chapter 12: HR Management Human Resources Management (HRM) the process of determining human resource needs and then recruiting, selecting, developing, motivating and compensating An individual spent their entire career jus...

Commerce
COMMERCE 1E03
Andrea Macchiusi, Rita Cossa
COMMERCE 1E03 Chapter Notes - Chapter 13: Living Wage, Umbrella Organization, Picketing
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Chapter 13: Unions Sample Midterm Questions 1) Which type of labour organization covers the largest number of working Canadians? National International Union local 2) All of the following statements are correct EXCEPT that...

Commerce
COMMERCE 1E03
Andrea Macchiusi, Rita Cossa
COMMERCE 1E03 Chapter Notes - Chapter 7: Acronym
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Chapter 7 Entrepreneurship vs. Small Business Four Factors of Entrepreneurship 1. amount of wealth creation 2. speed of wealth creation 3. risk 4. Innovation Small Business and Entrepreneurship are used interchangeably Whi...

Commerce
COMMERCE 1E03
Andrea Macchiusi, Rita Cossa
COMMERCE 1E03 Chapter Notes - Chapter 3: Franchising, Fabric Softener, Private Label
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Chapter 3: Competing in Global Markets The Dynamic Global Market The largest countries in the world are China (1.39 billion), India (1.34 billion) and the USA (326.4 million) BRIC: Brazil, Russia, Ind...

Commerce
COMMERCE 1E03
Andrea Macchiusi, Rita Cossa
COMMERCE 1E03 Chapter Notes - Chapter 4: Cash Cow, Fiscal Policy, Liquor Control Board Of Ontario
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Chapter 4 - Government EXAMPLE MIDTERM QUESTION: Which of the following definitions is INCORRECT? A) Fiscal policy refers to the management of the money supply and interest rates B) A federal budget is a compr...

Commerce
COMMERCE 1E03
Andrea Macchiusi, Rita Cossa
COMMERCE 1E03 Chapter Notes - Chapter 5: Corporate Social Responsibility
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Chapter 5: Ethics and CSR (Corporate Social Responsibility) Ethical Behaviour in Business Ethics: the moral principles and values that govern the actions and decisions of an individual or group Laws: ...

Commerce
COMMERCE 1E03
Andrea Macchiusi, Rita Cossa
ECON 1B03 Chapter Notes - Chapter 6: Insulin, Broccoli, Ice Cream Cone
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Module: Unit 4.2 Price Elasticity of Demand Analysis Calculating Elasticity If we are given changes in price and corresponding changes in Qd, we use formula: Ex: Price of milk increases by 2 and Qd decreases by 0.5 Ep = ...

Economics
ECON 1B03
Hannah Holmes
Engineering
ENGINEER 1P03
Elizabeth Hassan, Robert Fleisig
ECON 1B03 Chapter 3: Analyzing Market Equilibrium Part2

Module: Unit 3.6 Analyzing Market Equilibrium Part 2 Analyzing Changes in Equilibrium Often, events can happen which will shift demandsupplyboth This will lead to a change in equilibrium P and Q We can use our diagrams to ...

Economics
ECON 1B03
Hannah Holmes
ECON 1B03 Chapter Notes - Fall 2018 Chapter 3 - Economic equilibrium

Module: Unit 3.5 Analyzing Market Equilibrium Markets Not in Equilibrium Refer to previous notes example Suppose that for some reason, market price of candy bars was $2.5 At $2.5, consumers will only...

Economics
ECON 1B03
Hannah Holmes
ECON 1B03 Chapter 3: Market Supply and Equilibrium

Module: Unit 3.4 Market Supply and Equilibrium A Change in Quantity Supplied A change in quantity supplied: movement along supply curve due to change in price of good Supply curve itself: doesnt move A Change in Supply A c...

Economics
ECON 1B03
Hannah Holmes
ECON 1B03 Chapter Notes - Fall 2018 Chapter 3 - Ceteris paribus

Module: Unit 3.3 Market Supply Supply Quantity supplied, Qs: quantity of goods and services firms (sellers, suppliers, producers) are willing and able to sell at any price, P When ...

Economics
ECON 1B03
Hannah Holmes
ECON 1B03 Chapter 3: Market Demand Example

Module: Unit 3.2 Market Demand Example The Demand for Candy Bars Suppose that there are only 2 consumers in market for candy bars - Kylie and Jack Assume that income, prices of related goods, tastes and...

Economics
ECON 1B03
Hannah Holmes

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