What makes Canada a competitive and resilient economy?☑️☑️ 1. productivity gains
2. Strong business investment
3. Technological innovation
4. Moderate wage increases
5. Favorable currency exchange rate
G7/8☑️☑️ Canada, USA, UK, Italy, Japan, France, Germany
Foreign Direct Inve...
What makes Canada a competitive and resilient economy?☑️☑️1. productivity gains
2. Strong business investment
3. Technological innovation
4. Moderate wage increases
5. Favorable currency exchange rate
G7/8☑️☑️Canada, USA, UK, Italy, Japan, France, Germany
Foreign Direct Investment (FDI)☑️☑️· In 2022, FDI into Canada totaled $726 billion
· Largest trading partner = USA
· Both Asia/Oceania are active investors in Canada
3 Fundamental Market Composition principles☑️☑️1. The Law of Supply and Demand
2. Allowance for private ownership, entrepreneurship, and wealth creation
3. Extent of government in influencing economic activity and direction
3 Fundamental Questions:☑️☑️1.What are the general indicators saying about the current
economy?
2.What broad-level changes (political, economic, social, etc.) are occurring which might impact
future growth and market position?
3.Which competitive actions and market forces may disrupt the way business is done within an
organization's particular market sector?
Who is our largest trading partner?☑️☑️United States
How much do we export to USA?☑️☑️73.4%
Cognitive bias☑️☑️a systematic pattern of deviation from rationality in judgement
Ex. Black Friday sales. You feel pressured to take advantage of the good prices
Human Factors☑️☑️· The influence on how we ultimately act and behave
Cognitive Bias☑️☑️- Overestimation of your skills
- May cause you to make decisions that are not the best for the market because of your bias
Ergonomics☑️☑️- How comfortable you are performing the task
- Physical aspects
Decision Making☑️☑️- Some people are surer of themselves sand their decisions
- Analyzation paralysis
Attention Span☑️☑️- Trouble paying attention
Memory and Recall☑️☑️- Harder to memorize things
Habits, Motivation, Emotional Intelligence☑️☑️- How people are motivated, what habits they
have and how their emotional intelligence affects their decisions
Cultural influence☑️☑️- Different cultures may have different aspects that are acceptable, and we
must be sensitive to this
Team Dynamics☑️☑️- Some find collaboration difficult
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller johndocs. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $7.99. You're not tied to anything after your purchase.
