MGTA01H3 Chapter Notes - Chapter 2: Athabasca Oil Sands, Barrick Gold, Suncor Energy
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MGTA01H3 Full Course Notes
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Document Summary
Building a business: the factors of production chapter 2. Everything is made up of parts even a business. Businesses are made up of small number of fundamental parts. By understanding these parts, the role of each, and how they relate to each other business owners can better control, maintain, or improve the business performance. Factor of production: the basic building blocks that, in combination, are required to make a business, and produce things. Resources that grow out of the earth or can be extracted from it. Examples: land, water, wood, coal, cotton, oil, and wheat. People need, and are willing to pay for, natural resources. The oldest industries in the world is farming and fishing. Canada has abundant land and natural resources, indeed it was a abundance that first brought. 15th and 16th centuries, portuguese"s came to atlantic coast in pursuit of fish. 16th century the french came to is now quebec, in search of fur.
