Ray Kroc entrepreneur of McDonalds

By: Harrison Kim

Information on Ray Kroc

Name: Ray KrocHometown: Oak park, Chicago, IllinoisAge when business started: around 52 yearsStatus: Dead Cause of Death: Heart failureConvinced that he could sell numerous mixers to every new

restaurant that opened, he partnered with the McDonald brothers to open and franchise additional McDonald's restaurants. Kroc eventually became frustrated with the brothers' willingness to accept their chain having only a handful of restaurants. In 1961, he bought the company from the brothers. The agreement was for the McDonald's to receive $2.7 million for the chain and to continue to receive an overriding royalty of 1.9% on the gross sales.

Information on Company

Name of Company: McDonaldsSize of Company: World WideStatus: Public (able to buy shares)Existing or Improvement: ImprovementMcDonald's Corporation is one of the world's

largest chain of hamburger fast food restaurants, serving nearly 47 million customers daily. At one time it was the largest global restaurant chain, but it has since been surpassed by multi-brand operator Yum! Brands KFC, Taco Bell and others and sandwich chain Subway.

Reasons Why Him/the company did well

They have a good marketing department.

When it comes to fast food McDonalds tends to be the cheapest.

As it is a fast food restaurant it provides fast food for busy people.

Credits

Source of information

Google.com

Wikipedia.org

Mr. Schiff

My brain

Source of pictures

Google.com/images

Nothing left to say

The

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