Mcdonald’s Business Type and Purpose Essay

McDonalds was invented in the year 1940 and has currently about 34 000 restaurants in the full world. Since McDonalds was found they established loads of shops especially in Europe and America. McDonalds is obviously a private company and is owned by a head of sh atomic number 18holders. It was found by Richard and Maurice McDonalds and until today they dont pee-pee any support by the government. Today, the company is take by Andrew J McKenna as chairman and Don Thompson as president and CEO of the organisation.These people are the main decision makers within McDonalds organisational structure. This business is one of the main nimble food companies in the world. This means they convey food, exclusively get supplied by several other businesses. They are settled in the secondary and tertiary sector, ca drill theyre not actually producing each part of the food they sell, but they do combine products to another sale open product. McDonalds is combining suppliers goods to actual st eadfast food products and I sell them. Therefore theyre settled in the restaurant sector. McDonalds is a franchise and human race limited company.Franchising a business means that the company, even though it is owned by a head of directors, they sell several shops to private people, who pay for using the companies name and selling the whole menu of this business. They close up urinate restaurants which are actually controlled and managed by the McDonalds company, but even the shops the franchised, they still own and control the actions and on- goings in each shop and restaurant. By franchising the companies name they give people, who want to be independent, the opportunity to find a quick start into the worlds market of restaurants.Loads of small business kick the bucket to get widely accepted and fail to make their name famous. McDonalds is a name the public trust and its much easier to sell the services and goods. Independent managers of a franchised shop dont just have to pa y for using products and names, but have to stick to the companies rules and cant produce or establish other products. Usually the franchisees are limited creditworthy and have limited indebtedness for the on- goings in their shops. They are partly responsible for mistakes their employees do, but there are main subjects which lie solely on the actual business and their directeurs, McDonalds.McDonalds is basically raising money by selling produced fast food products and fro example franchise contracts. The owner of any franchise organisation earns money from each franchised shop. They get a fixed percentage of the income of each shop and McDonalds gets paid for allowing other people to use their name and produce their products. Public limited company means that the organisation is owned and controlled by shareholders. They have a limited liability, because the concept of them is it to sell shares of the company.Therefore theyre no longer unlimited responsible for all their shops. Th ey raise money by selling their shares, because the private people who buy them are able to use the product and the name of the company for their shop. In addition they raise funds by selling their products to costumers. They get dough from each franchised shop and obviously from the shops which are actually owned by McDonalds. The profits are shared between the shareholders and the owners of the company. The percentage is fixed in a contract.