Textbook Notes (368,123)
Canada (161,661)
BUS 201 (122)
Chapter 2

BUS201 Chapter 2 Notes

4 Pages
Unlock Document

Business Administration
BUS 201
Peter Tingling

Evolving Models in Video Distribution Netflix and BeyondExternal Environment everything outside an organizations boundaries that might affect itOrganizational Boundaries that which separates the organization from its environmentcant control environment so be productive and try to influence itEconomic Environment conditions of the economic system in which an organization operatesDimensions of the External Environment for a Business Organizationeconomic environmenttechnological environment sociocultural environmentbusiness environmentemerging challenges and opportunitiesoutsourcessocial mediaviral marketingbusiness process managementglobal business environmentpoliticallegal environmentAggregate Output total quantity of goodsservices produced by an economic system ECONOMIC GROWTH when output grows more quickly than population1 output per capita goes upquantity of goodsservices per person2 system provides relatively more of the goodsservices that people wantStandard of Living total quantity and quality of goods and services that a countrys citizens can purchase with the currency used in their economic systemBusiness Cycle pattern of shortterm ups and downs expansions and contractions in an economy4 recognizable phasespeakrecessiontroughrecoveryrecession 2 consecutive quartersdepression when trough extends 2 or more yearsGross Domestic Product GDP total value of goodsservices produced by national economy through domestic factorsmeasures all business activity within nations bordersreplaced GNPkey measure of economic growthGross National Product GNP total value of goodsservices produced by national economy regardless of where the productions are locatedex manufacturing for Canadian company occurs in foreign plants but is still included in
More Less

Related notes for BUS 201

Log In


Join OneClass

Access over 10 million pages of study
documents for 1.3 million courses.

Sign up

Join to view


By registering, I agree to the Terms and Privacy Policies
Already have an account?
Just a few more details

So we can recommend you notes for your school.

Reset Password

Please enter below the email address you registered with and we will send you a link to reset your password.

Add your courses

Get notes from the top students in your class.