COMMERCE 1E03 Chapter Notes - Chapter 10: Gantt Chart, Teijin, Environmental Policy
1 May 2016
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Canada= large industrial country with many major industries (forestry, metals/minerals, automotive, aircraft, oil/natural gas, coal) Affected majorly by economic growth & recession. Factors that affect canada"s competitive race in the world: inadequate improvement in productivity & unrelenting competition from usa, japan, Germany, india, chine, etc: inadequate education & retraining programs for our workforce. Research and development (r&d): work directed toward the innovation, introduction & improvement of products & processes. Private industries, universities, hospitals & govt. labs were to spend . 9 billion on r&d. Federal govt. was to spend . 3 billion (both are 2011 data) Spending on r&d is decreasing for 5 years. Top r&d spenders are: research in motion ltd. , bce, ibm canada ltd. , atomic energy of. Adopting production techniques (computer-integrated, flexible, lean manufacturing, etc. ) Manufacturing & service sectors employ over 87% of canada"s working population (canada is a service economy). Production: creation of finished goods & services using the factors of production (land, labour, capital, entrepreneurship, & knowledge)
