Although each aspect of business management is important, the relative emphasis on each within a firm depends on the firm's competitive strategy and the industry and country in which it operates. Business management differs among banks, retail stores (see RETAIL TRADE) and MANUFACTURING firms, as well as among firms from Canada, the US, Japan and China. Business management in Canada has developed several unique characteristics because of Canada's geography, economy, its political, social and cultural systems, and its history.
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