Exam 2: The Environment of Business

Since the increase in the unemployment level in a small Atlantic Canadian town,retailers have noticed that sales have decreased.The retailers are being affected by which element of the external environment?

When comparing GNP to GDP,it is correct to say that

What is the economic condition characterized by widespread increased prices without increased purchasing power?

Research and development (R&D)includes activities that are necessary to provide new products,services,and processes.Two basic types of R&D are

________ is GDP measured in current dollars with all components valued at current prices.

Which of the following best describes the term gross domestic product?

What is business process management?

If Canada fell into a depression,the Bank of Canada would most likely

Political stability is an important factor for international firms because no business wants to set up shop in another country unless trade relationships with that country are well defined and stable.

When Molson merged with Adolph Coors,this was an example of

When unemployment is low,businesses raise the wages that they are willing to pay.

GDP includes the total value of goods and services produced within a given period by a national economy through domestic factors of production.

How does inflation affect purchasing power?

Which of the following best describes economic stability?

The standard of living in a country improves through increases in the money supply.

Which of the following best describes purchasing power parity?

What does productivity measure?

Canada's GDP in 2017 was approximately $6.4 trillion.

Don is unemployed because of a downturn in economic activity;this is an example of ________ unemployment.

PepsiCo created a separate corporation called Yum! Brands Inc.to run its fast-food brands: Pizza Hut,KFC,and Taco Bell.This is an example of a(n)