BU111 Chapter 7: Chapter 7 Political Legal Factors.docx
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BU111 Full Course Notes
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No logos or images or fancy things allowed less attractive to people. Customer: by buying products and services, governments help firms be successful. In some cases, government can be the most important consumer. Competitor: canada post, cbc crown corporations, government owned: government can directly compete with firms by regulating the prices you can charge. Natasha park, bus111: subsidies: government of canada offers significant subsidies to film management companies. You use subsidies instead of tax breaks because they"re companies outside. Ex: help with foreign trade; give advice to small businesses/start-ups: bail outs: helping companies come back to life ex: gm supporting american car manufacturers. It"s better to let them continue to operate than to let them collapse and then deal with the unemployment later. 401, people use 407 instead: health services exist by keeping cost down non-profit organizations. For profit-increased costs, cannot afford to fund it: education: non-profit, any revenues get put away.
