U2 Changes in Canada’s Global Business Flashcards
1
Q
Change
A
- constant in both personal and business contexts.
- marketplace has changes, but the core purpose of business remains unchanged.
2
Q
3 reasons for change
A
- New technology
- New processes
- New attitudes
3
Q
new technology
A
inventions and innovation often creates new markets
4
Q
Inventions
A
Totally new products
5
Q
Innovations
A
Modified new products
6
Q
New Processes
A
- Changes in processes initiate change
- can be done via manufacturing, distributing. inventory control
7
Q
New Attitudes
A
- people are more open to change, experimentation
- common purposes, environmental, health, technological
