Business Management

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Btec Business

Business Management

Unit 2

Kishan Hirani

Unit 2

Task 1:

Pass criterion 1:

'Explain how aims and objectives may be achieved through planning and

monitoring.'

Part (a)

Provide a brief description of the background of the business, identifying its activities, aims and objectives.

McDonald's is one of the best-known franchised fast food restaurant chain in the

World. The first restaurant was opened in the USA in 1955.

In 1974; McDonald's opened its first restaurant in the UK. Today, more than 2.5 million people in this country place their trust in McDonald's every day - trusting the Company to provide them with food of a high standard, quick service and value for money.

In 1997, McDonald's was recognised as the world's leading brand by Interbrand (http://www.interbrand.com). Since then the brand has 'slipped' to 8th in 2003. The long-established 'Big Mac' product, introduced in 1968, has also attained brand name status. The company's own 'cartoon' character, Ronald McDonald, tries to embody the firm's image as 'fun' and 'caring'.

By 2002 the brand had a worldwide network of 30,000 outlets, which 1,200 were based