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Supply Ontario (SO; French: ApprovisiOntario) [NB 1] [1] is a Crown agency of the Government of Ontario.Created in 2020, the agency's mandate is to provide and support supply chain management and procurement activities for the provincial government, the broader public sector, and health care sector.
The Toronto-Dominion Centre in Toronto. The economy of Ontario is diversified.Ontario is the largest economy in Canada, making up around 38% of Canadian GDP. [1] [2] Though manufacturing plays an important role in Ontario's economy responsible for 12.6% of Ontario's GDP, the service sector makes up the bulk, 77.9%, of the economy. [3]
Responsibilities for economic development in the Ontario government shifted over time as the province's economy evolved. Prior to confederation, the Bureau of Agriculture of the Province of Canada was responsible for collecting facts and statistics relating to the agricultural, mechanical and manufacturing interests.
The purpose of the national sales tax was to replace the 13.5% Manufacturers' Sales Tax (MST) that the federal government imposed at the wholesale level on manufactured goods. Mulroney claimed the GST was implemented because the MST was hindering the manufacturing sector's ability to export competitively. Manufacturers were concerned that the ...
In Ontario, for example, the 2017 Agricultural Products Marketing Act (FPMA) "allows the Minister of Agriculture and Food to enter into contracts with the federal government to have national marketing agencies perform marketing functions within Ontario on behalf of the Ontario government" through the Ontario Farm Products Marketing Commission. [19]
Cost-plus pricing is a pricing strategy by which the selling price of a product is determined by adding a specific fixed percentage (a "markup") to the product's unit cost. Essentially, the markup percentage is a method of generating a particular desired rate of return. [1] [2] An alternative pricing method is value-based pricing. [3]
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In some literature, [citation needed] the term "economic manufacturing quantity" model (EMQ) is used for "economic production quantity" model (EPQ). Similar to the EOQ model, EPQ is a single product lot scheduling method. A multiproduct extension to these models is called product cycling problem.