COMMERCE 2MA3 Final: final exam notes.docx
7 Dec 2013
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Exporting: marketing of domestically produced goods and services aboard. Largest companies in the world and in canada. Manufacturing no longer accounts for the lion"s share of annual production output in. Today, more than 7 of every 10 dollars included in the nation"s gross domestic product (gdp) comes from services banking, entertainment, business and technical services, retailing, and communications. Services also account for more than 75 percent of all employment in canada. This profound shift from a largely manufacturing to a largely service economy is also reflected in the nation"s exports. International economic environment: a nation"s size, per-capita income, and stage of economic development determine its prospects as a host for international business expansion. Nations with low per-capita incomes may be poor markets for expensive industrial machinery but good ones for agricultural hand tools. These nations cannot afford the technical equipment that powers an industrialized society.
