contestada

The owner of mcdonald's, ray kroc, turned to his business associates - his suppliers - for funds to keep the business going.

a. True
b. False

Respuesta :

tushargupta0691

"The owner of McDonald's, ray Kroc, turned to his business associates - his suppliers - for funds to keep the business going the given statement is true.

"Kroc shall receive one and nine-tenths per cent (1.9 per cent) of net profits generated by the franchisee(s), with one-half per cent (0.5 per cent) of said net earnings given to Richard McDonald and Maurice McDonald," according to the contract.

A meagre income source and little cash reserves & added that the franchisee chooses the location and then signs a lease.

The contract is an albatross that forces Kroc to go through a glacially long approval process in order to make adjustments.

Kroc was free to manage the business any way he saw fit after the McDonald brothers were out of the way.

  • He had established more than 700 eateries in 44 states by 1965. The first fast-food corporation to list on the stock market was McDonald's in April of that year.
  • Shares of stock were issued for $22 each. Within a few weeks, it increased to $49 per share, turning Kroc into an overnight millionaire.
  • By the end of the decade, approximately 1,500 McDonald's restaurants were open throughout the world, exceeding even Kroc's original aim.


Hence, the above-given statement is true.

Learn more about the contract here,

https://brainly.com/question/2669219

# SPJ1

Otras preguntas