BUS 201 Chapter Notes - Chapter 4: Major Force, Centre For Agriculture And Bioscience International, Root Mean Square

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Mr. ma: king of the canadian food court: 2800 restaurants, built mty group into major force, 2015 25000 people emplolyed, mty has restaurants that operate under 37 seperate banners e. i. Small business, new venture creation, entrepreneurship: self-employed canadians: 15. 5% of workforce, 380 businesses in canada started every day, new rms create the most jobs - typically small. Industry canada: main federal govt agency responsible for small business. For reporting small bus stats: uses sources form statistics canada: To be included in register businesses must: have at least one paid employee, annual sales revenue 30 000 plus, be incorporated. Goods-producing bus. small if it has >100 emplyees. Service-producing bus. small if it has >50 employees. Labour force survey: uses info from individuals to make estimates of unemployment and employment levels. Self employed: working owners of bus. that is unicincpororated or incorporated: work for themselves but don"t own a business i. e. musicician, work without pay in family business.

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