Print ANSWER KEY TO FOUNDATIONS OF CANADIAN BUSINESSES Edit in MsWord BLM 1-2 Business #1 Business #2 Major Difference Roots YMCA Profit: Roots is profit driven; the YMCA is a nonprofit organization. Royal Bank Lucy’s Lemonade Stand Size: Royal Bank is large, and Lucy’s is small. Any business that employs less than 500 people is a smallto medium-sized business (SMB). Mac’s Milk Stan and Marjorie’s Dairy Farm Ownership: Mac’s Milk is a corporation; Stan and Marjorie’s Dairy Farm is a partnership. Precision Optical City Centre Optometrists Goods or services: Precision Optical sells glasses; City Centre Opticians performs eye examinations. Jones Soda Lee Valley Tools Channels of distribution: Jones Soda sells to retail stores who sell to ultimate consumers; Lee Valley Tools distributes mainly by catalogue and online. Burger King McDonald’s Role in the community: Burger King keeps a low community profile; McDonald’s has Ronald McDonald House and supports community events. Cool Pines Summer Camp Bombardier Recreational Products Jobs: Jobs at Cool Pines are seasonal, mainly for young workers, require outdoor work, and a variety of expertise. Bombardier would employ a number of different age groups, and require factory labour and office work primarily. 18 Copyright © 2008 by Thomson Nelson
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