ADM 1301 Midterm 1 Review Lecture 2: The Canadian Business Segment Macroenvironment Of Canadian Business: Business drives the economy of a nation The economic system in Canada is a private enterprise system Basic rights for a private enterprise system: 1. Private Property 2. Freedom of Choice 3. Profits 4. Competition The work force of Today- Aging‚ more diversity‚ shrinking labour pool‚ etc. The Canadian Private Sector Forms of Business Ownership: Sole proprietorship Partnership:
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China China Structural * Ah Xian’s ‘Bust 66’ in the series ‘China China’ is made from porcelain and overtop of closed mouth and eyes are the traditional Chinese landscape paintings of misty mountains‚ waterfalls and wooden bridges. * Ah Xian’s semi abstracted qualities of his work make the face look recessive and his use of shadows create a contemporary feel to the artwork. * This artwork evidently reflects his Chinese culture and heritage through the painted surface designs‚ yet
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Chapter 13 Segment and Interim Reporting Multiple Choice Questions Wakefield Company uses a perpetual inventory system. In August‚ it sold 2‚000 units from its LIFO-base inventory‚ which had originally cost $35 per unit. The replacement cost is expected to be $45 per unit. The company is planning to reduce its inventory and expects to replace only 1‚500 of these units by December 31‚ the end of its fiscal year. The company replaced 1‚500 units in November at an actual cost of $50 per unit
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Performance Segment has Reliability‚ Mean Time before Failure (MTBF) as the most important customer buying criteria at 43% and Ideal Positioning at 29%. For Round 0 the Promotional Budget for all companies in the segment is $800 with Customer Awareness of 49%. The Sales Budget for all companies is $800 with Customer Accessibility of 48% and the December Customer Survey of 21. We are still on page 7 of the Capstone Courier‚ High End Segment Analysis‚ for the end of Round 0. We now review Ideal
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Week 1 01.00 Welcome to Biology (skim through lesson) 01.01 Introduction (skim over checklist) 01.02 Exploring Life (read lesson‚ take notes) 01.03 New Technology (read lesson‚ take notes‚ do assignment) Week 2 01.04 Properties of Water (read lesson‚ take notes‚ do assignment) 01.05 Earth’s Early Atmosphere (read lesson‚ take notes‚ do assignment) 01.05 Earth’s Early Atmosphere Honors (read‚ notes‚ assignment) 01.06 Module 1 DBA & Exam (call teacher‚ then take exam) Week 3 05.00 Module
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Cost Leadership After contemplating many different strategy options and evaluating our markets‚ the Ferris group decided that we would utilize and follow a strategy discussed in chapter 6 of Wheelen and Hunger’s text[1]: cost leadership. This strategy focuses on “a lower-cost competitive strategy that aims at the broad mass market and requires efficient scale facilities‚ cost reductions‚ and cost and overhead control. This strategy avoids marginal customers‚ and aims for cost minimization in R&D
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Case- Shiseido: Channeling Cosmetics in China 1. Marketing and distribution channels for cosmetics products performed mainly transactional and logistical function. Distribution channels such as the voluntary specialty chain stores perform transactional function when they buy these cosmetic products from the manufacturer and sell them in their individual stores. They share risk with the producer (Shiseido) as they stock merchandises in anticipation for sales. On the other hand‚ counters at departmental
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1. What are the functions performed by the marketing and distribution channels for cosmetics products? Which of these functions are most important? Why? Distribution Channels in the cosmetics industry consist of individuals and firms‚ involved in the process of making cosmetic products or services available to consumers. Marketing channels make possible the flow of goods from a producer‚ through intermediaries‚ to a buyer. Intermediaries perform 3 basic functions - Transaction‚ Logistical‚ Facilitating
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Pre-Axial Chinese Religion Did not develop religion as a separate realm of human concern Rites‚ rituals‚ ethics that bound the Chinese people were cultural phenomena (daily routine) Chinese approach toward ultimate reality stressed NATURE No clear creator outside nature Chinese thought always emphasized people (family and community) Peasant Heritage Numerous festivals timed by agricultural calendar Politically: single empire; emperor until 1911 Language diversity (Mandarin in north and Cantonese
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staff training of AASA 8 Operating Segment! AASB 8 applies to annual reporting period beginning on/after 1 Jan 2009 and supersedes AASB 114 Segment Reporting when adopted. Operating Segments specifies the use of a ‘through the eyes of the management’ approach to an entity’s reporting of information relating to its operating segments in annual financial reports‚ and also requires an entity to report financial and descriptive information about its reportable segments. AASB 8 is applicable to for-profit
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