Feb 4, Intro to Business Sector

Feb 4, Intro to Business Sector - IntrototheBusinessSector

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Intro to the Business Sector 13/02/2008 12:13:00 The Canadian Private Sector Primary Sector o Natural resource based industries o Traditional primary sectors have declines in relative importance o Nonetheless an increasing interdependency of the three groups of  industries o Canada’s Key Sectors Aerospace Agri-Food Automotive Biotechnology Chemicals Information and Communications Medical Devices Oil and Gas Pharmaceutical Plastics o Business sector has shifted over the last century.  From enterprises  that were loosely connected by competition and are corporate systems  that dominate the scene o Sole Proprietorships and Partnerships and Co-Ops have decreased  over the last 60 years.  Today Corps are king o Currently not only is there a high concentration of profits in the hands  of a small number of corps, but the Canadian corporations themselves  are controlled by a small number of people Secondary Sector
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o Manufacturing, construction, utilities and communication Tertiary Sector o Various levels of business, financial, public and personal service  industries, and non-production-oriented activities Forms of Business Ownership Sole Proprietorship o The simplest form of business org available to any individual who is  legally able to enter into a binding contract o Sps fall under provincial and municipal jurisdiction o Filing a name declaration is not required provided the proprietorship  operates under a person’s name o Owned and operated by one person Partnership o General Partners are not only liable in equal share for the debts of the  partnership but in addition, each partner is liable for the full  amount o Limited Composed of one or more general partners who conduct the  business, and one or more persons who contribute an amount  in actual cash The special partner’s liability is normally limited only to the  amount of the cash s/he contributed to the partnership o An arrangement whereby two or more persons combine some or all of 
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This note was uploaded on 12/08/2009 for the course TEFLER ADM1300 taught by Professor Koppel during the Fall '09 term at University of Ottawa.

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Feb 4, Intro to Business Sector - IntrototheBusinessSector

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