BUS 201 Lecture Notes - Lecture 15: Quality Circle, Commercial Paper, Total Quality Management

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Chapter 1: understanding the canadian business system 2. Nature of canadian business and its main goals 2. Economic systems: the way in which a nation allocates its resources among its citizen 2. Canadian market economy: how does demand and supply affect resource distribution 5. Chapter 2: the environment of business 5. *economic system: condition of economy where business primarily operate 6. Technology: changes in tech that can add value to business 7. Political-legal: conditions reflecting the relationship between business and gov usually in the form of gov regulation 8. Emerging challenges and opportunities in the business environment 8. Chapter 3: conducting business ethically and responsibly 9. How do individuals develop their personal ethics & why important in the workplace 9. Chapter 4: entrepreneurship and small businesses 10. Meaning and interrelationship of small business, new venture creation, and entrepreneurship 10. Role of small and new businesses in the economy 11. Success and failure of small businesses 14.

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