[DSE]You are not alone - BAFS篇 (10/2更新#31+32 Business environment)

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Hong Kong's business environment

大綱
I. Role and Importance of Business in Hong Kong Economy
II. Recent Development and Characteristics of Hong Kong Economy
III. External Factors Affecting Business Decision
IV. Hong Kong’s Economic and Business Relationships with Mainland
V. Economic Policies and General Business Practices in Mainland
VI. Impact of Globalization on Business
VII. Roles of Major International Trade Organization

詞彙
1. Detrimental 不利
2. Bloc 陣營 e.g. Trading bloc is a group of countries having a trade agreement with an aim to remove trade restriction between them.

試題分佈

HKDSE	PP A	2012 A	2013 A	PP B	2012 B	2013 B
I
II
III	Q1					Q2 (6M)
IV		Q11	Q22
V
VI		Q10
VII			Q12

中三概念 Types of Production

Production	Economic activities of:
Primary	Extracting resources directly from the nature
Secondary	Manufacturing Production Process: Raw materials (from primary) → Semi-finished products Raw materials (from primary) → Finished products Semi-finished products (from secondary) → Finished products
Tertiary	Providing services to customers

自製筆記
I. Role and Importance of Business in Hong Kong Economy
1. Providing Employment Opportunities
● Firms (tertiary sector) demand workforce for their business operation
→ create new employment opportunities
2. Producing Income / Production of Goods and Services → Improvement of Living Standard
● HK people earn most of their income by providing services(high value-added) to local &foreign customers
→ promote HK’s economic growth +↑living standard of HK people
● High quality goods & services + more consumption choices
→ improve living standard
3. Earning Foreign to Pay for Imports
● HK lacks natural resources + arable land + technology + skills
→ import foodstuff + fuel + consumable durables + capital goods
● HK earns foreign exchange from providing trading services + services to tourists→ pay for import
4. Serving the Mainland
● HK helps Mainland enterprises (private + SOEs) raise capital + manage assets
→ facilitate economic development in China
5. Raising Government Revenue
● Business sectors → land sales + profit tax + stamp duties (property & stock transaction) → government revenue

II. Recent Development and Characteristics of Hong Kong Economy
A. Recent Development of Hong Kong Economy
● Four Pillar Industries
1st: Trading and Logistic
E.g. import & export trade, freight transport & storage services, postal & courier services
2nd: Producer and Professional Services
E.g. legal, accounting, information technology, advertising, engineering, architectural, surveying
3rd: Financial Services
E.g. banking, insurance, securities brokerage, fund management
4th: Tourism
E.g. retail trade, restaurants, hotels, transport services
● Knowledge-based economy
→ More education & training opportunities
→ Improve quality, productivity & competitiveness of labour

B. Characteristics of Hong Kong Economy
1. Lack of Primary Industries
● HK lacks arable land + natural resources
→ Primary sector is insignificant
2. Dependence on External Trade
● Value of trade is serval times GDP of HK
3. Concentration on Tertiary Industries
● >90% labour force in tertiary /service (commercial + social+ personal) sectors
→ ↑ importance
4. Free Trade
● Laissez-faire Policy:
1. Government should minimize interference on market
2. Market forces determine allocation of resources
● No foreign exchange control + trade barriers (tariffs + imported goods quotas)
→ Exchange goods & services freely in market
5. Simple Taxation
(未有筆記，歡迎發送短消息提供)