BUS 201 Chapter Notes - Chapter 2: Dollarama, Sobeys, Money Supply

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3 major supermarket chains left in canada: loblaws, sobeys, metro. Organizational boundaries and environments: all businesses operate with a larger external environment which determines success or failure, external environment consists of everything outside an organization that may affect it. Organizational boundaries: an organizational boundary separates the organization from its environment. Multiple organizational environments: organizations have multiple environments, eg. Neighbourhood grocery store will be influenced by the pricing of its competitors: eg. Major organizations such as bauer, competes against reebok or easton. The economic environment: the economic environment refers to the conditions of the economic system in which an organization operates, people reduce spending during tough times (low employment) which means that less produce needs to be produced. Low-cost stores such as dollarama thrive during these "low" times. Economic growth: because agricultural efficiency has improved so much, far fewer people are needed to produce the food we (cid:374)eed co(cid:373)pared to (cid:373)a(cid:374)y years ago.

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