COMM 103 Chapter Notes -Foreign Direct Investment, Greenhouse Gas, Gross Domestic Product

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Chapter 1: commercial endeavours: the markets the organization serves, the products & services it offers, & the needs is professes to meet in the marketplace, employee interaction: the value-creating skills and organization"s employees bring to the marketplace. Stakeholders could include customers, suppliers, government, employees, etc: profit: the bottom line result an organization has realized for an identified, immediate period of time. Chapter 2: g7/8: a quasi-organization comprising the world"s major fully developed economies. Including u. s. , japan, germany, great britain, france, italy & canada, later russia. Meet once a year to discuss major economic, political & societal issues challenging the global marketplace. A recession is typically believed to occur when an economy experiences two or more quarters of negative gdp movement: chartered banks: financial institutions regulated under the canada bank act. A positive balance (where exports exceed imports) is known as a trade surplus.

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