AFM 132 MIDTERM QUESTIONS AND ANSWERS WITH
COMPLETE SOLUTIONS GRADED A++ LATEST UPDATE
Companies need to consider when conducting international business:
- competition for customers
- business decisions
- employment
Toolkit to be come future proof (5)
1. digital literacy
2. entrpreneurial abilities
3. intrapreneurship
4. Social Intelligence
5. emotional intelligence/eq
Why was business activity and trades of goods and services challenging in
canada:
1. large land mass
2. complicated travel
3. transport of goods across the country
4. low and spread-out population
5. lack of infrastructure connecting the company coast to coast.
Major forms of business ownership
Sole Proprietorship, partnership, corporation
, why small businesses fail
Businesses that are typically easier to start have the least growth potential and greater
failure rates.
Businesses that are hard to start are more likely to be successful and generate
significant profit.
reasons why small businesses fail
- Plunging in without testing on a smaller scale
- Under or overpricing of goods/services
- Having too little startup capital
- Not understanding business cycles
- Not allowing for setbacks and unexpected expenses
- Mistaking the freedom of being in business for oneself with the liberty to work or not,
according to whim.
the three stakeholders affecrted from globalization
consumers, employee, owner of business
barriers to trade
COMPLETE SOLUTIONS GRADED A++ LATEST UPDATE
Companies need to consider when conducting international business:
- competition for customers
- business decisions
- employment
Toolkit to be come future proof (5)
1. digital literacy
2. entrpreneurial abilities
3. intrapreneurship
4. Social Intelligence
5. emotional intelligence/eq
Why was business activity and trades of goods and services challenging in
canada:
1. large land mass
2. complicated travel
3. transport of goods across the country
4. low and spread-out population
5. lack of infrastructure connecting the company coast to coast.
Major forms of business ownership
Sole Proprietorship, partnership, corporation
, why small businesses fail
Businesses that are typically easier to start have the least growth potential and greater
failure rates.
Businesses that are hard to start are more likely to be successful and generate
significant profit.
reasons why small businesses fail
- Plunging in without testing on a smaller scale
- Under or overpricing of goods/services
- Having too little startup capital
- Not understanding business cycles
- Not allowing for setbacks and unexpected expenses
- Mistaking the freedom of being in business for oneself with the liberty to work or not,
according to whim.
the three stakeholders affecrted from globalization
consumers, employee, owner of business
barriers to trade
