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business
future of business

Questions and Answers of Future of Business

What are some of the social trends affecting Canadian business? Discuss how each of these is affecting business.
1. What type of unemployment is occurring when manufacturers close plants because they cannot compete with labour rates in other countries? Explain what this might do the circular flow of the
How can understanding economics help you as a consumer? As a business manager or an owner?
Why is it important for companies to create a competitive workforce?
What is a strategic alliance? What are its benefits to the companies involved?
What is relationship management? How can it be achieved?
What are contractionary policy and expansionary policy?
What are monetary policy and fiscal policy? Who is responsible for each?
What are the various types of unemployment?
How do GDP and GNP differ?
Distinguish between microeconomics and macroeconomics. What are the three main macro goals?
What are the four types of economies? How do they differ regarding the ownershipand allocation of the factors of production?
What are the factors of production? How do they work together to produce goods and services?
Explain economics as a circular flow.
1. Why would a company such as Miovision need to work with an organization such as Mentor Works?2. ICTC is a Canadian federal government program—look for it online. What programs does it offer now?
What trends are occurring in politics and governments today?
What are the most common taxes paid by businesses and individuals to governments?
What laws govern business operations?
What are the rights and powers of consumers in Canada?
What are the rights and powers of sellers in Canada?
List and explain the roles of governments in our economy.
What services do municipalities provide?
What services are provided by the provincial and territorial governments?
What are the responsibilities of the federal government?

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