FOUNDATIONS OF CANADIAN BUSINESSES BLM 1-1

Business #1 Business #2 Major Difference

Profit: Roots is for profit, they sell merchandise at
Roots YMCA retail. YMCA is more of a charitable organization;
they aren’t trying to make a profit for the owners.
Size: Royal bank is a large company with many
Lucy’s Lemonade
Royal Bank shareholders and employees, while Lucy’s Lemonade
Stand
Stand is just one owner and no employees.
Stan and Marjorie’s Ownership: Mac’s Milk is a sole proprietorship, while
Mac’s Milk
Dairy Farm Stan and Marjorie’s Dairy Farm is partnership.
Goods and Services: Precision Optical sells goods
City Centre
Precision Optical like glasses and contacts while City Centre
Optometrists
Optometrists provides a service, like eye exam.
Channels of Distribution: Jones Soda is sold retail and
online and is a specialty soft drink. Lee Valley Tools
Jones Soda Lee Valley Tools
is mainly a catalogue business with some online
presence.
Role in the Community: Burger King has a low
Burger King McDonald’s profile in the community. McDonald’s runs a charity
as well (called Ronald McDonald House)
Jobs: The Summer Camp provides jobs for unskilled
Cool Pines Summer Bombardier
to semi-skilled. Meanwhile, Bombardier provides
Camp Recreational Products
jobs for all-skilled groups in general.
17