Characteristics Of Crown Corporation
One of the defining characteristics of Canada are crown corporations. Crown corporations are central to Canadian government. They remain central to Canadian life because they are part of every sector of social and economic services. From the oldest, Canada Post to the Royal Canadian Mint, they revolve around every citizens life and provide valuable services to members of the public. According to the author Jan Pavel of Crown Corporations and Government Divestment, Statistics Canada chooses for the term Government Business Enterprise (GBE) which is commonly referred to as crown corporation. A crown corporation is generally known according to Statistics Canada as public enterprises that have more than 50 percent of their revenue coming from
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It has been providing convenient access to alcohol with its thousands of locations across Ontario. With that being said, it continues to improve its efficiency and effectiveness by working with the government. The LCBO has no need to privatize and it remains a public entity working with effectiveness and efficiency. It continues to remain effective by expanding its services to the grocery sector as well as online. The effectiveness of the LCBO can be determined simply by looking at its revenues. In addition to providing alcohol through its stores, the LCBO as previously stated, provides alcohol to the grocery sector. However, according to the 2016-2017 annual report compiled by the LCBO, the revenues made during that year amounted to 5.89 billion dollars. This amount is much more compared to the revenues made by the grocery store which amounts to 65 million dollars. To further elaborate, the LBCO proved its effectiveness by making more profit than the grocery stores who are open longer. It seems people still rely heavily on the LCBO for all their liquor needs besides having reliable competition. The LCBO has managed to remain effective and competitive and it has accomplished this without having to privatize. While it provides alcohol to the grocery stores, they have also managed to revolutionize the way they conduct their business. They do this through …show more content…
The Dairy Commission is an entity that regulates the production of dairy and the labour profits of the workers. According to the Canadian Dairy Commission, it was established in 1966 with goals to control mechanisms, stabilize revenues and avoid surplus. The basic function of the commission is to regulate the prices and standards between producers and consumers. By doing this, they avoid surplus which means that producers cannot sell products for higher prices than they would be willing to sell it for. With regulated prices and controls, this ensures that producers and consumers receive quality dairy products with regulated prices without great risk of inflation. They are effective because they keep regulations and controls to make sure quotas are fulfilled and production remains consistent. According to a journal written on the Canadian Dairy Commission by Sylvain Charlebois, the use of quotas is made to classify prices based on the end use of the product rather than the cost to produce it. This allows the price to remain stable no matter the production cost or the demand. To better understand the efficacy and efficiency of the Canadian Dairy Commission, one must understand what would happen if it were privatized. Through privatization, all regulations and controls would possibly be eliminated. Just like any product or commodity, without controls the company would be able to change their
It has been providing convenient access to alcohol with its thousands of locations across Ontario. With that being said, it continues to improve its efficiency and effectiveness by working with the government. The LCBO has no need to privatize and it remains a public entity working with effectiveness and efficiency. It continues to remain effective by expanding its services to the grocery sector as well as online. The effectiveness of the LCBO can be determined simply by looking at its revenues. In addition to providing alcohol through its stores, the LCBO as previously stated, provides alcohol to the grocery sector. However, according to the 2016-2017 annual report compiled by the LCBO, the revenues made during that year amounted to 5.89 billion dollars. This amount is much more compared to the revenues made by the grocery store which amounts to 65 million dollars. To further elaborate, the LBCO proved its effectiveness by making more profit than the grocery stores who are open longer. It seems people still rely heavily on the LCBO for all their liquor needs besides having reliable competition. The LCBO has managed to remain effective and competitive and it has accomplished this without having to privatize. While it provides alcohol to the grocery stores, they have also managed to revolutionize the way they conduct their business. They do this through …show more content…
The Dairy Commission is an entity that regulates the production of dairy and the labour profits of the workers. According to the Canadian Dairy Commission, it was established in 1966 with goals to control mechanisms, stabilize revenues and avoid surplus. The basic function of the commission is to regulate the prices and standards between producers and consumers. By doing this, they avoid surplus which means that producers cannot sell products for higher prices than they would be willing to sell it for. With regulated prices and controls, this ensures that producers and consumers receive quality dairy products with regulated prices without great risk of inflation. They are effective because they keep regulations and controls to make sure quotas are fulfilled and production remains consistent. According to a journal written on the Canadian Dairy Commission by Sylvain Charlebois, the use of quotas is made to classify prices based on the end use of the product rather than the cost to produce it. This allows the price to remain stable no matter the production cost or the demand. To better understand the efficacy and efficiency of the Canadian Dairy Commission, one must understand what would happen if it were privatized. Through privatization, all regulations and controls would possibly be eliminated. Just like any product or commodity, without controls the company would be able to change their