BU111 Lecture Notes - Lecture 2: Information Technology, Swiffer, Corporate Social Responsibility
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BU111 Full Course Notes
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Protection of consumers, support for and protection and regulation of domestic businesses, opportunity creation in foreign markets. Must have english and french ingredients on all packaging) Vendors are affected when sales tax goes up as their profit goes down), (ex. Tobacco taxes are going up, the vendors then are losing money. Vape companies will then gain more $ as they are a substitute) May have more imports than exports and therefore your country is losing money as local producers have more competition) Political system (economic policies), matters based on the constraints that are imposed on you. Political stability: canada is pretty stable however if we are exporting products, the other country"s political stability concerns us; unpredictability. Business implication: affects uncertainty, risk, and constraints/costs faced by firms. Example: canada"s society believes that guns are ok for hunting/recreational purposes, but should not be allowed on a daily basis. However, in texas, students are allowed to carry around guns on campus.
