Mcdonald's Non Profit Basis
A. Explain the purpose of the business. * Does the company operate on a profit or non-profit basis? Explain your answer with details. * Does the company provide a service; manufacture a product, internet based or perhaps all? * Where is the business located and how many locations are there?
McDonalds’s provides a service of fast food to people all over the world. The top 5 are America, Japan, Canada, United Kingdom, and Germany. According to 2007 statistics, McDonald's serves more than 27 million individuals daily. Headquarters are located in Oak Brook, Illinois. It is both a profit and non-profit orientated business. Jim Skinner, the CEO, owns 33,000 restaurants in 119 countries. 59% of McDonald’s restaurants are owned by independent people. McDonalds also invests into the stock market, with shareholders that receive dividends and money when he or she sells the stock. McDonalds supports non-profit organizations like, The Ronald McDonald house fund provides free housing for families with children that are hospitalized far away from home and grants to charities in need.
B. Explore the history of the business * Provide a chronological history of the business indicating …show more content…
Eight years later; the drive-in was shut down and turned into a 9 item self-serve drive-in. By 1958, McDonald’s was already a sought out place to eat and sold their 100 millionth hamburger. In 1967, they went international and opened a McDonalds in Canada and Puerto Rico. A year later, McDonalds created and started serving their famous Big Mac’s. McDonalds celebrated their 50th anniversary in 2005 and continue to serve Big Macs, happy meals, cafe specialties, and dollar menu items to millions every day. Ray Kroc can be thanked for McDonald’s expansion. In 1955, he made McDonalds a corporation and 5 years later bought McDonalds rights. He was able to build McDonald’s in to a top franchise fast food
McDonalds’s provides a service of fast food to people all over the world. The top 5 are America, Japan, Canada, United Kingdom, and Germany. According to 2007 statistics, McDonald's serves more than 27 million individuals daily. Headquarters are located in Oak Brook, Illinois. It is both a profit and non-profit orientated business. Jim Skinner, the CEO, owns 33,000 restaurants in 119 countries. 59% of McDonald’s restaurants are owned by independent people. McDonalds also invests into the stock market, with shareholders that receive dividends and money when he or she sells the stock. McDonalds supports non-profit organizations like, The Ronald McDonald house fund provides free housing for families with children that are hospitalized far away from home and grants to charities in need.
B. Explore the history of the business * Provide a chronological history of the business indicating …show more content…
Eight years later; the drive-in was shut down and turned into a 9 item self-serve drive-in. By 1958, McDonald’s was already a sought out place to eat and sold their 100 millionth hamburger. In 1967, they went international and opened a McDonalds in Canada and Puerto Rico. A year later, McDonalds created and started serving their famous Big Mac’s. McDonalds celebrated their 50th anniversary in 2005 and continue to serve Big Macs, happy meals, cafe specialties, and dollar menu items to millions every day. Ray Kroc can be thanked for McDonald’s expansion. In 1955, he made McDonalds a corporation and 5 years later bought McDonalds rights. He was able to build McDonald’s in to a top franchise fast food