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COST MONEY DETRACT FROM PROFIT
USES EMPLOYEES' TIME AND ENERGY
HELPS TO ATTRACT EXCELLENCE EMPLOYEES
CAN BE USED AS A MARKETING TOOL
A SET OF RULES THAT MANAGEMENT AND INDIVIDUALS FOLLOW TO MAKE DECISIONS.
TO ADVANCE THE WELFARE OF SOCIETY AND TO ACT GOOD AS A GLOBAL CITIZEN.
OWNERS
MANAGER
EMPLOYEES
CUSTOMERS
SHAREHOLDERS
CREDITORS
GOVERNMENT
SOCIETY
SUPPLIERS
PEAK IS WHERE THE ECONOMY IS AT THE TOP OF THE BUSINESS CYCLE. THERE IS NO MORE EXPANSION.
THE ECONOMY STARTS TO GROW AGAIN. MORE EMPLOYEES, PRODUCTS, AND WAGES.
PRODUCTION AND UNEMPLOYMENT REACH THEIR LOWEST LEVELS.
THE ECONOMY SLOWS DOWN AND UNEMPLOYMENT INCREASES WHICH THE BUSINESSES CLOSES
A STATE GOVERNED BY AN INDIVIDUAL OR GROUP OF PEOPLE.
CITIZENS HAVE NO INFLUENCE ON GOVERNMENT. AUTOCRACY HAS STRONG MILITARY PRESENCE.
A STATE GOVERNED BY FREE AND FAIR ELECTION.
CHARACTERIZED BY FREE AND FAIR ELECTION. POLITICIANS ARE CONCERNED BY GETTING RE-ELECTION THAN THE GOOD OF THE COUNTRY.
THE ABILITY OF A COUNTRY TO PRODUCE A GOOD AT A LOWER OPPORTUNITY COST THAN OTHER COUNTRIES.
THE ABILITY OF A COUNTRY TO MAKE RESOURCES TO MAKE A PRODUCT MORE THAN OTHER COUNTRIES.
LEAST DEVELOPED COUNTRIES THAT ARE AT THE LOWEST OF THE WORLD'S ECONOMIES.
EMERGING NATIONS IN TRANSITION FROM A POOR ECONOMY TO A STRONG ECONOMY.
FIRST WORLD COUNTRIES THAT ARE CHARACTERIZED BY A HIGH PER CAPITA INCOME OR GROSS DOMESTIC PRODUCT(GDP).
COMBINING GOVERNMENT, AND PRIVATE ENTERPRISE.
PROPERTY IS OWNED BY INDIVIDUALS. PROFITS ARE ENCOURAGED BY TAXES. STRONG COMPETITION AGAINST CORPORATIONS ARE ALLOWED.
GOVERNMENT CONTROLS ALL ELEMENTS OF THE ECONOMY.
GOVERNMENT DETERMINES PRICES AND AMOUNT OF GOODS AND SERVICES. OWNERSHIP OF PROPERTIES ARE RESTRICTED. ALL PROFIT BELONGS TO THE GOVERNMENT.
FREE COMPETITION AND INDEPENDENT ACT
PEOPLE ARE ALLOWED TO OWN PROPERTY. PROFIT BELONGS TO THE BUSINESS OWNER. COMPANIES COMPETE IN TERMS OF QUALITY.
EXPORTERS, CANADIAN TOURISM, CANADIAN RETAILERS
IMPORTERS, CANADIAN TRAVELERS, MAJOR LEAGUE SPORTS IN CANADA
ECONOMIC ACTION TAKEN BY A COUNTRY TO PERSUADE ANOTHER TO CONFORM INTO AN INTERNATIONAL AGREEMENT.
A GOVERNMENT-IMPOSED BAN OF TRADE ON A SPECIFIC PRODUCT AND COUNTRY OFTEN USED ON FOREIGN GOVERNMENTS TO CHANGE THEIR POLICIES.
A LIMIT ON THE PRODUCTS TO BE IMPORTED.
THE PRACTICE OF SHIELDING DOMESTIC INDUSTRIES FROM FOREIGN COMPETITIONS THROUGH TRADE BARRIERS.
TAX OR DUTIES ARE ADDED ON IMPORTED PRODUCTS.
CANADIAN COMPANIES SOLD TO INVESTORS
TARIFF COULD HARM PEOPLE
LOST MANUFACTURING JOBS TO MEXICO
TRADE HAS TRIPLED
FLOW OF GOODS ACROSS NORTH AMERICA
HAS HELPED CREATE MORE PAYING JOBS IN CANADA
1) UNHEALTHY PRODUCTS 2) CANADIAN JOB LOSS 3) INCREASED POLLUTION
1) OUTSOURCING 2) BETTER JOBS 3) INCREASED PRODUCTIVITY
THE MOVEMENT OF GOODS, SERVICES, TECHNOLOGY AND PEOPLE THROUGHOUT THE WORLD.
INDULGENCE
LONG-TERM ORIENTATION
UNCERTAINTY AVOIDANCE
MASCULINITY
POWER DISTANCE
INDIVIDUALISM
A CULTURE THAT HAS VALUES OR LIFESTYLES THAT DIFFER FROM THE CURRENT CULTURE
A CULTURE WITHIN A BIGGER CULTURE DISTINGUISHED FROM ITS FACTORS SUCH AS CLASS, AND RELIGION
THE KNOWLEDGE, EXPERIENCE, BELIEFS, VALUES, ATTITUDE, RELIGION, AND POSITION OBTAINED BY A GROUP OF PEOPLE WHO HAVE LIVED IN THE SAME AREA OR COUNTRY FOR A GENERATION.
The tertiary industry is the segment of the economy that provides services to its consumers
Secondary industries are those that convert the primary industries into products for consumers.
Primary industries are those that harvest and extract raw materials from nature.
