ADMS 1000 Chapter Notes - Chapter 1: Inventory Control, Resource-Based Economy, North American Free Trade Agreement

• School: York University
• Department: Administrative Studies
• Course: ADMS 1000
• Professor: Len Karakowsky

Document Summary

Competitive context: business must think about who their competitors will be, competition may be at a local, national or global level. It may be open or restricted: what are the advantages and disadvantages of competition, what competitors are doing in your industry obviously will influence your success or failure. Political context: political change can be very influential e. g. deregulation of canadian. Telecoms, banking industry, reduction of trade barriers, changing political leaders. In canada there is a move towards less government intervention: capitalist economy but the government also has an important role in the business environment, e. g. taxes, subsidies, global trade agreements etc. Increasing need for higher education, immigration, aging population, changes in employment law, declining birthrates, women in the workforce. Walmart s environment: economic context they have effectively managed this volatile force ie, in strong economies they, like all business benefit from strong consumer spending and they can expand their operations.