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THE ONTARIO CURRICULUM, GRADES 11 AND 12: BUSINESS STUDIES
The Global Environment for Business
Overall Expectations
By the end of this course, students will:
• analyse ways in which Canadian businesses have been affected by globalization;
• demonstrate an understanding of the factors that influence a country’s ability to participate in international business;
• assess the effects of current trends in global business activity and economic conditions.
Specific Expectations
Effects of Globalization on Canadian Business
By the end of this course, students will:
– compare the characteristics of a multi- national enterprise participating in global business with those of a Canadian com- pany focused on domestic business activity;
– analyse ways in which the workplace, occupations, the nature of work, and working conditions in Canada have changed as a result of the growth of a global economy (e.g., growth opportuni- ties, downsizing, plant transfers, increase in contract work);
– analyse how, in an era of globalization, consumer choices and attitudes affect Canadian business decisions.
Factors Influencing Participation in International Business
By the end of this course, students will:
– describe, drawing on information from a variety of sources, including the Internet, the impact technology has had on the international business environment (e.g., e-commerce, e-distribution);
– demonstrate numeracy skills by converting a variety of international currencies to Canadian dollars;
– identify the factors that affect foreign exchange rates;
– describe, drawing on information from a variety of sources, including the Internet, international agreements and organiza- tions that have influenced global business activity (e.g., North American Free Trade Agreement,Asia-Pacific Economic Cooperation; European Union; Inter- national Monetary Fund, Organization for Economic Cooperation and Development, WorldTrade Organization) and describe Canada’s involvement in them;
– analyse the rationale for, and the impact of, Canadian government initiatives and policies relating to international trade (e.g., intergovernmental contacts, embassy and consulate networks, government trade missions; taxation, trade barriers, investment).
Effects of Trends
By the end of this course, students will:
– explain, drawing on information from a variety of sources, including the Internet, how Canadian and international compa- nies, industries, and markets are being affected by increased global business activity;
– identify and analyse international business trends and their influences on companies, industries, and career opportunities in the global economy;