BBI 2O by zhangyun

VIEWS: 249 PAGES: 157

									       BBI 2O

Introduction to Business
                BELL WORK
         Skim through chapter 1, write
         down any bolded terms you are
         not familiar with. (5 minutes)

         Read ―Pita Pit‖, page 5. Answer
         questions #1, #2 (5 minutes)
Slide
  2
BBI 2O
Unit 1
UNIT 1: Business
 Fundamentals
    Chapter 1:
 Economic Basics
What is a Business?
   ―I feel that luck is
  preparation meeting
      opportunity‖
               ~ Oprah Winfrey
             What is a Business?
         There are many ways to classify a
         business.




Slide
  5
BBI 2O
Unit 1
            What is a Business?
         A For-profit Business
           ―an organization that produces
           or sells goods or services to
           satisfy the needs, wants, and
           demands of consumers for the
           purposes of making a profit‖
Slide
  6
BBI 2O
Unit 1
            What is a Business?
         A For-profit Business
           Profit: money left after all
           expenses have been paid
           Expenses: money spent on
           running the business (wages,
           supplies)
Slide
  7
BBI 2O
Unit 1
             What is a Business?
         A For-profit Business
            Costs: money spent for the
            production of the good or
            service

         Businesses try to keep profits up
Slide    by keeping costs and expenses
  8
BBI 2O   down.
Unit 1
            What is a Business?
         A For-profit Business

           Profit = Revenue – Expenses

           If profit is negative, it is called
Slide
           a loss.
  9
BBI 2O
Unit 1
            What is a Business?
         A For-profit Business
           A business which makes profit
           may use the money to:
            • expand/grow operations
            • improve products/services
Slide
            • give to owner/shareholders
 10
BBI 2O
Unit 1
            What is a Business?
         Non-profit and Not-for-profit
         Businesses
           NP: does not look to make
           profit, but raises funds for a
           specific goal (charities,
           charitable organizations)
Slide
 11        Examples?
BBI 2O
Unit 1
            What is a Business?
         Non-profit and Not-for-profit
         Businesses
           NFP: does not seek to make
           profit, extra monies used to
           improve services

Slide
 12        Examples?
BBI 2O
Unit 1
            What is a Business?
         Non-profit and Not-for-profit
         Businesses
           Co-operative: A group of
           people who come together to
           meet a set of goals in a
           democratically controlled
Slide
 13        business.
BBI 2O
Unit 1
            What is a Business?
         Size of Business
           Small or medium sized
           business: less than 500 people



Slide
 14
BBI 2O
Unit 1
            What is a Business?
         Forms of Business
         Ownership
            will be covered in chapter 2



Slide
 15
BBI 2O
Unit 1
            What is a Business?
         Goods or Services?
           Businesses either sell goods
           (physical things you take
           home) or provide services (do
           something) in exchange for
           money.
Slide
 16        Some do both.
BBI 2O
Unit 1
            What is a Business?
         Goods or Services?
         G IVE   Businesses that sell
                 
                 goods
         ME     Businesses that



         5
                 provide services
                Businesses that do
Slide
 17              both.
BBI 2O
Unit 1
            What is a Business?
         Distribution
           How are goods & services
           delivered?
              – Bricks and mortar business,
                telemarketing, catalogue,
                virtual store (internet)
Slide
 18
BBI 2O
          Examples?
Unit 1
            What is a Business?
         Role in the Community
           What does the business do for
           the community?



Slide
 19
BBI 2O
Unit 1
            What is a Business?
         Jobs
           What type of jobs does it
           provide?



Slide
 20
BBI 2O
Unit 1
           What is a Business?
         HOMEWORK
         • read pages 6-9
         • questions: page 10 #3, 4
         • read pages 10-14

Slide
 21
BBI 2O
Unit 1
The Role of the Consumer
           Role of the Consumer
         Producers manufacture goods for
         consumers. Companies that
         attract more consumers can make
         more sales and more profit.


Slide
 23
BBI 2O
Unit 1
           Role of the Consumer
         The interaction between producer
         and consumer creates the
         marketplace.

          PRODUCER           CONSUMER



Slide             MARKETPLACE
 24
BBI 2O
Unit 1
            Role of the Consumer
         Years ago, business dictated what
         was produced, and in what
         quantities.
         Eventually, consumers started to
         tell manufacturers their needs and
         wants, creating competition.
Slide
 25
BBI 2O
Unit 1
            Role of Consumer
           Name some new trends and
         related products on the market.




Slide
 26
BBI 2O
Unit 1
         Role of the Consumer
         Consider High-Definition TV trends:

         RIM (Blackberry) vs. Apple (iPhone)

         Who will decide which technology will
                         win?


Slide
 27
BBI 2O
Unit 1
           Role of the Consumer
         Consumers also decide when a
         product will no longer be
         produced. When no one wants a
         product anymore, it becomes
         obsolete.

Slide    What are some things you know of
 28
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         that have become obsolete?
Unit 1
           Role of the Consumer
         Consumers also influence price.
         Companies used to have pricing
         power (could charge what they
         want), but with competition
         consumers can shop around for
         the best deal.
Slide
 29
BBI 2O
Unit 1
           Role of the Consumer
         Consumers also have consumer
         purchasing power—as
         customers they dictate how much
         they are willing to pay, but also
         the level of service.

Slide
 30
BBI 2O
Unit 1
          Role of the Consumer
         HOMEWORK
         • Questions: page 14, q #5, 6, 7
         • Read pages 15-19



Slide
 31
BBI 2O
Unit 1
Starting a Business
             Starting a Business
         People who start their own
         businesses are called
         entrepreneurs.



Slide
 33
BBI 2O
Unit 1
             Starting a Business
         Entrepreneurs need:
          • self-confidence
          • a flair for innovation
          • the ability to work alone
          • an aptitude for managing
Slide
            others
 34
BBI 2O
Unit 1
            Starting a Business
         Consumer Needs and Wants
           Sometimes a business is started
           to satisfy consumer needs.
           Needs are things that are
           necessary for survival.

Slide
 35        You need food, clothing.
BBI 2O
Unit 1
            Starting a Business
         Consumer Needs and Wants
           Wants are things that are not
           necessary for survival, but add
           comfort and pleasure to our
           lives.

Slide
 36        You want a burger, A&F shirt.
BBI 2O
Unit 1
            Starting a Business
         Attracting Consumer Interest
           It is important to understand
           how consumers make buying
           decisions. This will help decide
           what to make, how to market
           and distribute the product.
Slide
 37
BBI 2O
Unit 1
            Starting a Business
         Attracting Consumer Interest
           Businesses need to listen to
           what the consumer wants. The
           challenge is then to get those
           customers to buy your product.

Slide
 38
BBI 2O
Unit 1
             Starting a Business
         Attracting Consumer Interest

              BRAINSTORM

         What can companies do to attract
Slide
         more customers?
 39
BBI 2O
Unit 1
                Starting a Business
         Attracting Consumer Interest
         Sample answers:
          •   create a new product
          •   modify an existing product
          •   more heavily promote a product
          •   offer purchase incentives (coupons)
          •   convince consumers they need (want) the product
          •   develop different uses for product
Slide     •   offer free samples
 40       •   in-store demonstrations
BBI 2O
Unit 1
            Starting a Business
         Attracting Consumer Interest
           The task is to come up with a
           product the consumer needs or
           wants, at a price they’re willing
           to pay, in a place that is
           convenient, and promote it so
Slide
 41
           they know about it.
BBI 2O
Unit 1
            Starting a Business
         HOMEWORK
         • complete worksheets C & E
           for tomorrow
         • start working on Entrepreneur
           assignment
Slide
         • read pages 20-22
 42
BBI 2O
Unit 1
                 BELL WORK
         “Being in business means making
         decisions all the time, every day.”
WRITE
DOWN
         G IVE       With a partner, pick a

         ME          business. Write down
DON’T
WRITE
                     five decisions that a


          5
                     business needs to make
Slide
                     in an average day. (5
 43                  minutes)
BBI 2O
Unit 1
         Homework Check
          • Hand in worksheet C & E
          • Reminder: ―Do You Have
            What it Takes to Be an
            Entrepreneur‖ activity due
            tomorrow in class
Slide
 44
BBI 2O
Unit 1
Making Good Business
     Decisions
         Making Good Bus. Decisions
         The five-step decision-making
         model can be used to help in any
         business situation.

         (as we go through this note, refer
         to example in textbook, pages 20-
Slide
 46      22)
BBI 2O
Unit 1
         Consider this:
         Cambridge Stick Inc. makes hockey and
          ringette sticks. Cambridge Stick is a major
          sponsor of the ringette national
          championships which are being held in
          Cambridge and demand for their sticks has
          sky-rocketed - so much that it cannot keep
          up with demand.
Slide
 47
BBI 2O
Unit 1
         Making Good Bus. Decisions
         1. Determine what decision has
            to be made.
              What is the problem? What
              issue needs to be resolved?


Slide
 48
BBI 2O
Unit 1
         Making Good Bus. Decisions
         2. Identify the alternatives.
             Brainstorm as many
             solutions to the problem as
             possible.


Slide
 49
BBI 2O
Unit 1
         Making Good Bus. Decisions
         3. Evaluate the advantages and
            disadvantages of each.
             What are the pros and cons
             of each option?


Slide
 50
BBI 2O
Unit 1
         Making Good Bus. Decisions
         4. Make a decision and take
            action.
             Choose the best alternative,
             and go with it.


Slide
 51
BBI 2O
Unit 1
         Making Good Bus. Decisions
         5. Evaluate the decision.
             After some time, review the
             decision. Was it the best
             choice? Would you do
             something differently or
             considered something else
Slide
 52
             next time?
BBI 2O
Unit 1
         Making Good Bus. Decisions
         1. Determine what decision has to
            be made.
         2. Identify the alternatives.
         3. Evaluate the advantages and
            disadvantages of each.
         4. Make a decision and take action.
Slide    5. Evaluate the decision.
 53
BBI 2O
Unit 1
         Making Good Bus. Decisions
         HOMEWORK
         • Finish Entrepreneurial
           assignment
         • Pick a significant decision you
           made/need to make, apply the
           decision-making process
Slide    • Question: page 22, #13
 54
BBI 2O
         • Apply Q #13 to your decision
Unit 1
                BELL WORK
         Think of that big bag of potato
         chips you are going to have after
         this class. What are ALL of the
         things that went into making that
         bag of chips? [And I do mean
         ALL!] List one under the other.
Slide    (on your own, 5 minutes)
 55
BBI 2O
Unit 1
Economic Resources
            Economic Resources
         Economic resources, or factors of
         production are how products are
         made available to consumers.



Slide
 57
BBI 2O
Unit 1
            Economic Resources
         Natural Resources
          - Materials that come from the
            earth, water, or air
          - Most are non-renewable (oil),
            or take a long time to renew
            (trees)
Slide
 58       - Businesses are limited
BBI 2O
Unit 1
            Economic Resources
         Human Resources
          - Also called labour, ―HR‖
          - The people who are involved
            in the production of the
            product
          - Most businesses have an HR
Slide
 59         department
BBI 2O
Unit 1
            Economic Resources
         Capital Resources
          - The buildings, equipment,
            vehicles, factories used
          - Usually last a long time,
            require large initial investment
          - Money is considered capital
Slide
 60         too!
BBI 2O
Unit 1
            Economic Resources
         Interdependence
           - Almost all companies have
             some dependence on other
             companies
           - Works on many levels
            You get the Cambridge Times–what are
Slide       all the things you depend on to get that
 61         newspaper? Classify each.
BBI 2O
Unit 1
            Economic Resources
         Economic Systems
          - A way to deal with the
            selection, production,
            distribution and consumption
            of products
          - Gov’t and business work
            together
Slide
 62
          - Try to make best use of
BBI 2O      resources, develop alternatives
Unit 1
           Economic Resources
         TASK
          Go back to the list you
          generated during bell work.
          Identify each item as either a
          natural resource, human
          resource, or capital resource.
Slide     Submit to teacher.
 63
BBI 2O
Unit 1
           Economic Resources
         HOMEWORK
         • Questions: page 28, q #15, 16
         • Read pages 28-32
            → pay special attention to
               the two tables
         • CHAPTER 1 FORMATIVE
Slide      QUIZ Friday (F.I.T.B.)
 64
BBI 2O
Unit 1
Demand, Supply, and Price
          Demand, Supply, and Price
         Demand is quantity consumers
         are willing/able to buy at a
         particular price. Generally:

           lower price = greater demand

Slide
 66      Called the law of demand.
BBI 2O
Unit 1
           Demand, Supply, and Price
                 The Demand Curve
                    High prices → Demand is low



         Price




                       Low prices → Demand is high
Slide
 67
                         Quantity
BBI 2O
Unit 1
          Demand, Supply, and Price
         Demand is created by:
          • Consumer awareness/interest
          • Ample supply
          • Reasonable/competitive price
          • Easy access
Slide
 68
BBI 2O
Unit 1
         Demand, Supply, and Price

          Factors that Affect Demand
           Leave 8-10 blank lines to
         summarize table 1.2 (page 29)


Slide
 69
BBI 2O
Unit 1
          Demand, Supply, and Price
         Supply is the quantity that
         business is willing to provide for a
         range of prices people are willing
         to pay. Generally,

           Higher price = higher supply
Slide
 70
BBI 2O   Called the law of supply.
Unit 1
           Demand, Supply, and Price
                 The Supply Curve
                             High prices → Supply is high


         Price




                  Low prices → Supply is low
Slide
 71                           Quantity
BBI 2O
Unit 1
          Demand, Supply, and Price
         Supply is created by a company’s
         desire to satisfy consumers’ needs
         and wants for a price.
         Sometimes, a business will try to
         create demand for a product
         through marketing it well.
Slide
 72
BBI 2O
Unit 1
         Demand, Supply, and Price

           Factors that Affect Supply
            Leave 8-10 blank lines to
         summarize table 1.3 (page 31)


Slide
 73
BBI 2O
Unit 1
          Demand, Supply, and Price
         Price is determined by many
         factors, including demand and
         supply. Another important factor
         is cost of production.


Slide
 74
BBI 2O
Unit 1
         Demand, Supply, and Price
         HOMEWORK
         • Summarize tables into notes
         • Questions: page 32, q #18, 21
         • Chapter Review questions:
           page 33, q #1, 4, 5, 6, 7, 8, 12
Slide
         • CHAPTER 1 FORMATIVE
 75
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           F.I.T.B. QUIZ FRIDAY
Unit 1
                BELL WORK
         In your groups, speculate about
         the types of decisions business
         people must make before opening
         a business. Record your ideas so
         that you can compare them with
         your answers to the questions you
Slide    will complete at the end of this
 76
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         chapter. (10 minutes)
Unit 1
UNIT 1: Business
 Fundamentals
    Chapter 2:
Types of Businesses
Forms of Business
   Ownership
         Forms of Bus. Ownership
                 Who is your boss?
              Who is your boss’s boss?
           Can you become part owner?
         Forms of business ownership and
         type of business help describe
         how the business is organized and
Slide
 79      run.
BBI 2O
Unit 1
         Forms of Bus. Ownership
         Sole Proprietorship
          • Owned by one person, who
            performs most roles and owns
            everything
          • Owner gets all profits, takes all
            the losses → called unlimited
Slide
 80         liability
BBI 2O
Unit 1
         Forms of Bus. Ownership
         Sole Proprietorship
          • Easiest and least expensive to
            set up
          • Easiest for tax purposes →
            income recorded under
            personal income
Slide
 81
BBI 2O
Unit 1
         Forms of Bus. Ownership
         Partnerships
          • Two or more individuals share
            costs and responsibilities
          • Terms of partnership recorded
            in partnership agreement
Slide
 82
BBI 2O
Unit 1
         Forms of Bus. Ownership
         Partnerships
          • Main advantage is working
            relationship between partners,
            usually they have
            complementary talents

Slide
 83
BBI 2O
Unit 1
         Forms of Bus. Ownership
         Partnerships
          General partnership
            • All partners have unlimited
              liability (can be held
              responsible for the other
              partner’s business related
Slide
 84           debts)
BBI 2O
Unit 1
         Forms of Bus. Ownership
         Partnerships
          Limited partnership
            • Partners have limited
              liability (only responsible
              for their share)
Slide
 85
BBI 2O
Unit 1
         Forms of Bus. Ownership
         Corporations
          • Business with a legal status
          • Can be as small as one person,
            or multinational
          • Some owned by individuals,
Slide
            families, small groups
 86
BBI 2O
Unit 1
         Forms of Bus. Ownership
         Corporations
          • Ownership often broken into
            small units, shares, which are
            sold through a stock exchange
            (ie. TSX) → a publicly traded
            corporation
Slide
 87       • Those who buy: shareholders
BBI 2O
Unit 1
         Forms of Bus. Ownership
         Corporations
          • Since there are many owners, a
            board of directors runs corp.
          • Shareholders have limited
            liability, not responsible for
            debts
Slide
 88       • Get profits as dividends
BBI 2O
Unit 1
         Forms of Bus. Ownership
         Corporations
            Private Corporation
            • Only a few people control
              stock
            • Not publicly traded
Slide
 89
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Unit 1
         Forms of Bus. Ownership
         Corporations
            Public Corporation
            • Sell shares to raise money
            • 1 share = 1 vote; those with
              most shares influence
Slide
              company decisions (usually
 90           orig. owner, execs)
BBI 2O
Unit 1
         Forms of Bus. Ownership
         Corporations
            Crown Corporation
            • Business owned by the
              federal or provincial
              government
Slide
            Federal: VIA Rail, CBC
 91
BBI 2O
            Provincial: LCBO
Unit 1
         Forms of Bus. Ownership
         Co-operatives
          • business owned by
            workers/those who use it
          • Run by board of dirs.
          • Each member only gets 1 vote
Slide
          • Profits shared based on use
 92
BBI 2O
Unit 1
         Forms of Bus. Ownership
         Franchises
          • A franchiser licenses the
            rights to the business to a
            franchisee for a fee
          • Franchisee runs business
            according to agreement
Slide
 93         Examples: Subway, Quiznos
BBI 2O
Unit 1
         Forms of Bus. Ownership
         Franchises
          • Franchisee also pays monthly
            fee, has to purchase product
            through franchiser, sometimes
            gets trained by franchiser, has
            to maintain uniform quality
Slide
 94
BBI 2O
Unit 1
         Forms of Bus. Ownership
         HOMEWORK
         • Chapter Review questions:
           page 33, q #1, 4, 5, 6, 7, 8, 12
         • CHAPTER 1 FORMATIVE
           QUIZ TOMORROW
Slide
 95
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Unit 1
Going into Business
             Going into Business
         (Skip this section in the textbook)




Slide
 97
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Unit 1
International Business
      Structures
          Int’l Business Structures
         There are various business
         structures for companies looking
         to expand their business outside
         of Canada’s borders.


Slide
 99
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Unit 1
         Int’l Business Structures
         Joint Ventures
           Two businesses combine
           skills/abilities to benefit both
           parties.


Slide
100
BBI 2O
Unit 1
         Int’l Business Structures
         International Franchises
           A company licenses itself to
           business in another country to
           start business in that country.


Slide
101
BBI 2O
Unit 1
         Int’l Business Structures
         Strategic Alliances
           Agreements between
           businesses where each business
           commits resources to achieve a
           common objective.

Slide
102
BBI 2O
Unit 1
         Int’l Business Structures
         Mergers
           Two or more companies join
           together to form one to create
           greater benefit (sometimes
           called a takeover, especially if
           met with resistance).
Slide
103
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Unit 1
         Int’l Business Structures
         Offshoring
           Relocating some of the
           company’s resources to
           another country, usually to
           reduce operating costs and
           expenses.
Slide
104
BBI 2O
Unit 1
         Int’l Business Structures
         Multinational Corporations
           A company that does business
           in several different countries.



Slide
105
BBI 2O
Unit 1
         Int’l Business Structures
         HOMEWORK
         • Questions: pg 68, q #18, 20, 21
         • Chapter Review: pg 69, q #2,
           3, 5, 14


Slide
106
BBI 2O
Unit 1
UNIT 1: Business
 Fundamentals
      Chapter 3:
Business Ethics & Social
     Responsibility
          Bus. Ethics & Soc. Resp.
         In your small groups:
           • Read ―Kicking Horse Coffee
             Co.‖, page 73-74.
           • Answer questions 1 and 2


Slide
108
BBI 2O
Unit 1
          Bus. Ethics & Soc. Resp.
         What is ethical behaviour?
          • Acting in a way that conforms
            to social standards about what
            is right and good
          • Our values tell us what we
            think is important, morals are
Slide
109         rules of what is good and bad
BBI 2O
Unit 1
          Bus. Ethics & Soc. Resp.
         What role should ethics play
         in business?
             Society’s                Individual’s
              ethics                     ethics




                         Business’s
Slide                      ethics
110
BBI 2O
Unit 1
          Bus. Ethics & Soc. Resp.
         What role should ethics play
         in business?
          • Many companies develop a
            code of ethics explaining how
            employees respond to different
            situations
Slide
111
BBI 2O    Tylenol, Chicago, 1982
Unit 1
          Bus. Ethics & Soc. Resp.
         How can businesses resolve
         ethical dilemmas?
          • An ethical dilemma is a moral
            problem with potential right or
            wrong answers

Slide
             Values and         Profitability and
112           morals?     OR   competitiveness?
BBI 2O
Unit 1
          Bus. Ethics & Soc. Resp.
         How can businesses resolve
         ethical dilemmas?
          • Some dilemmas: downsizing,
            pollution, toxic waste disposal,
            resource depletion, laws,
            employee rights, product
Slide
113         safety, workplace safety…
BBI 2O
Unit 1
          Bus. Ethics & Soc. Resp.
         How can businesses resolve
         ethical dilemmas?
          Questions to ask to help resolve:
            1. Who will be helped?
            2. Who will be hurt?
Slide
114
BBI 2O
Unit 1
          Bus. Ethics & Soc. Resp.
         How can businesses resolve
         ethical dilemmas?
          Questions to ask to help resolve:
            3. What are the benefits/
               problems with this
               decision?
Slide       4. Will the decision survive
115
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               the test of time?
Unit 1
          Bus. Ethics & Soc. Resp.
         How can businesses resolve
         ethical dilemmas?
          • Whistleblowing: an employee
            informing officials or public
            about a legal/ethical violation
            • False financial practices,
Slide
116           ignoring safety & health codes
BBI 2O
Unit 1
         Int’l Business Structures
         HOMEWORK
         • Questions: pg 68, q #18, 20, 21
         • Chapter Review: pg 69, q #2,
           3, 5, 14
         • Study for test Tuesday
Slide
117
BBI 2O
Unit 1
         Bus. Ethics & Soc. Resp.
         Fraud
          • List 9 types of fraud into your
            notes

         Unethical Behaviour
Slide     • Copy table 3.1 left column into
118
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            your notes
Unit 1
         Bus. Ethics & Soc. Resp.
         Accounting Scandals
          • Embezzlement: accountant or
            senior executives create phony
            accounts and direct money to
            themselves

Slide
119
BBI 2O
Unit 1
          Bus. Ethics & Soc. Resp.
         Insider Trading
          • Using information unavailable
            to the public for your own
            financial gain in the stock
            market
          • Investigated by securities
Slide
120         commission
BBI 2O
Unit 1
Ethics & Corporate Social
      Responsibility
             Ethics and C.S.R.
         - CSR exhibited through values,
           ethics, contributions to
           community



Slide
122
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Unit 1
                 Ethics and C.S.R.
          Providing a
                          Adopting fair      Protecting
           safe and
                             labour              the
         healthy work
                            policies        environment
         environment


                             CSR
                          Principles

                             Avoiding
Slide    Being truthful                     Donating to
123                            price
         in advertising                       charity
                           discrimination
BBI 2O
Unit 1
              Ethics and C.S.R.
         Duty to report
          • Corporations must disclose all
            important information to
            shareholders, business
            partners, lenders, insurers,
            communities, regulators,
            consumers, employees, and
Slide
124         investigators
BBI 2O
Unit 1
              Ethics and C.S.R.
         Laws that Govern Corporate
         Ethics
         There are laws that govern how a
         business can interact with others.


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BBI 2O
Unit 1
              Ethics and C.S.R.
         1. Workplace Safety
            In Ontario, the Occupational
            Health and Safety Act (OHSA)
            was instituted to ensure
            workplace safety and health.
            → defines rights and
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126            responsibilities of workers
BBI 2O
Unit 1
              Ethics and C.S.R.
         1. Workplace Safety
            Workers have the right:
             • to refuse unsafe work;
             • to participate in H&S
               activities; and
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             • to know about the hazards of
127            their workplace.
BBI 2O
Unit 1
              Ethics and C.S.R.
         2. Antidiscrimination Issues
            Gender discrimination is less
            of an issue. However, some
            companies still discriminate.
            Women or disabled workers
            face a glass ceiling (invisible
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128
            barrier to promotions).
BBI 2O
Unit 1
              Ethics and C.S.R.
         3. Harassment
            Refers to behaviour that is
            threatening, disturbing, or
            unacceptable. Businesses must
            protect employees from this.

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BBI 2O
Unit 1
              Ethics and C.S.R.
         4. Accessibility Issues
            Businesses have a duty to
            accommodate workers to
            eliminate discrimination (it’s
            in the Canadian Human Rights
            Act). Help must be provided to
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130
            disabled employees.
BBI 2O
Unit 1
              Ethics and C.S.R.
         5. Environmental Responsibility
            Because of several large
            disasters in the 1980s and
            1990s, Canada introduced the
            Canadian Environmental
            Protection Act in 1999.
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131
BBI 2O
Unit 1
              Ethics and C.S.R.
         5. Environmental Responsibility
            Some companies still don’t
            comply—for some it is more
            costly to comply than it is to
            pay the fines.

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BBI 2O
Unit 1
             Ethics & Soc. Resp.
         6. Labour Practices
            In Ontario, the Employment
            Standards Act establishes
            conditions for employment.
            → hours of work, overtime
            pay, minimum wage, holidays,
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133         benefits, leaves, termination
BBI 2O
Unit 1
              Ethics and C.S.R.
         Fair Trade
         A ―voluntary‖ ethical behaviour.
         Fair trade is the practice of
         helping producers in developing
         countries bypass expensive
         middlemen so they can sell their
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134
         goods for a fair profit.
BBI 2O
Unit 1
UNIT 1: Business
 Fundamentals
      Chapter 4:
International Business
What is International
     Business?
           What is Int’l Business?
         A domestic transaction is the
         selling of items produced in the
         same country.

         An international transaction is
         the selling of items produced in
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137      other countries.
BBI 2O
Unit 1
           What is Int’l Business?
         These transactions are referred to
         as foreign trade. Foreign trade
         contribues to the global economy.

         International trade offers many
         benefits to businesses.
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138
BBI 2O
Unit 1
           What is Int’l Business?
         Benefits
         Access to Markets
           • Canada: 32 million
           • World: 6.5 billion
         Easy for global product
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         producers, may be more difficult
139
BBI 2O
         for producers of other products.
Unit 1
           What is Int’l Business?
         Benefits
         Cheaper Labour
          • Standard of living and cost of
            living lower in many other
            countries, therefore lower
            wages
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140
BBI 2O
Unit 1
           What is Int’l Business?
         Benefits
         Increased Quality of Goods
          • Search the world for parts to
            create the best possible
            products for customers
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141
BBI 2O
Unit 1
           What is Int’l Business?
         Benefits
         Increased Quantity
          • An increase in sales may mean
            greater production, efficiency,
            higher employment, expansion
            of business
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142
BBI 2O
Unit 1
           What is Int’l Business?
         Benefits
         Access to Resources
          • Find materials to build
            products from around the
            world
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143
BBI 2O
Unit 1
          What is Int’l Business?
         The Five Ps of Int’l Business
          • Product
          • Price
          • Proximity
          • Preference
Slide     • Promotion
144
BBI 2O
Unit 1
          What is Int’l Business?
         Costs of Int’l Trade
          • Offshore outsourcing
          • Human rights issues and labour
            abuses
          • Environmental degradation
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145
BBI 2O
Unit 1
          What is Int’l Business?
         Barriers to Int’l Business
          • Tariffs / custom duties
          • Non-tariff barriers (prod. ban)
          • Cost of importing/exporting
          • Excise taxes
Slide     • Currency fluctuations
146
BBI 2O
Unit 1
               BRAINSTORM
         What are all the things that you
         would serve at Christmas / Easter
         dinner? List items.
         Categorize items as:
          • made in Canada
          • made in Canada using
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            imported ingredients
147
BBI 2O
          • imported from another country
Unit 1
Flow of Goods & Services
         Flow of Goods & Services
         Balance of Trade
         Relationship between imports and
         exports

          imports > exports = trade deficit
Slide
         exports > imports = trade surplus
149
BBI 2O
Unit 1
         Flow of Goods & Services
         Importing: buying & shipping
         something from a foreign country

         Exporting: selling & shipping
         something to a foreign country

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150      Ideally, export > import… Why?
BBI 2O
Unit 1
         Canada’s Major Trading Partners

                    $258B
                     $280B                      $370B
                                                 $369B


                $11.6B
               $11.2B                                  $11.8B
                                                       $10.5B


                $9.1B
                $11.3B                                    $9.7B
                                                           $14.2B


                                                           $25.3B
                                                           $19B
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151                   $29B
                      $35.3B
BBI 2O          2005 Figures, taken from the Statistics Canada website
Unit 1
         Flow of Goods & Services
         HOMEWORK
         Questions: page 127, #6, 8, 10-12
         Questions: page 133, #13, 14



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Unit 1
Canada and Int’l Trade
    Agreements
         Canada & Int’l Trade Agr.
         • World Trade Organization
           (WTO)
         • North American Free Trade
           Agreement (NAFTA)
         • Group of Eight (G8)
         • European Union (EU)
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BBI 2O
Unit 1
         Canada & Int’l Trade Agr.




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BBI 2O
Unit 1
         Canada & Int’l Trade Agr.




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Unit 1
         Canada & Int’l Trade Agr.




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BBI 2O
Unit 1

								
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