ADMS 1000 Study Guide - Final Guide: Bargaining Power, Cost Leadership, Gross Domestic Product

• School: York University
• Department: Administrative Studies
• Course: ADMS 1000
• Professor: Paulette Burgher

Document Summary

Small business has 1 to 99 paid employees. A medium-sized business has 100 to 499 paid employees. A large business has 500 or more paid employees. In 2015 private sector employed over 11. 6 million: small business accounted for over 8. 2 million making up almost 71% of the total private labor force. Information technology: over 36,000 firms, most of them 89% operate within he software and computer services industry, 31,000 hire less the 10 employees, really small firms. Job creation: over 50% of the canada"s gross domestic product (gdp, almost 90% of the private-sector labor force, over three-quarters of new jobs created in the past decade. Windows of entrepreneurial opportunity: after attending college or university, when a functional expertise has been developed, after having held a position of authority, when industry expertise has been gained. 1: once "financial freedom" has been achieved, upon retirement. Push factors: es(cid:272)ape fro(cid:373) (cid:862)dead e(cid:374)d(cid:863) or short ter(cid:373) e(cid:373)plo(cid:455)(cid:373)e(cid:374)t, alternative to limited job prospects.