BU111 Lecture Notes - Lecture 3: Technology Transfer, Information Technology
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BU111 Full Course Notes
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Reflects relationship between business and government, government regulation of business. Affects uncertainty, risk, and constricts/costs faced by firm. New major/provincial leaders can affect many organizations, especially small firms that do business in a single location and are susceptible to zoning restrictions, property and school taxes, etc. Government regulates certain industries wants to ensure that there is an adequate amount of competition, but prevents too much competition: taxes. The government uses taxes to subsidize things such as education and health care. Use taxes & the way they tax us to create incentives/disincentives to do certain things: trade agreements or conditions. When fta (free trade agreement) was first signed, businesses thought american companies will take over market but canadian companies worked hard & overpowered the american market. Open up opportunities open up new markets. Can also be a threat due to competition: political system.
