BDI3C - Key Terms 1

Product, service, or both? Snapchat

Something that is made or harvested to fill a need or want

Product, service, or both? Fortnite

a written description of the plans for the future of an organization

Product, service, or both? RBC (Royal Bank of Canada)

filling needs and wants in the community or in the world

A motto or catchphrase used to promote a business

Product, service, or both? Pepsi

A person who has an idea about how to fill needs/wants, and turns this idea into a business

a person who owns their own business or works independently

Product, service, or both? Plow King (snowplow)

a system that uses resources to create wealth in a particular region

a new business idea that someone has started or plans to start

a useful action that a person does for someone else, to fill a need or want

Product, service, or both? RBC (Royal Bank of Canada)