McDonalds is a leading competitor in the fast-food restaurant business. One component of McDonalds marketing strategy is
Question:
McDonald’s is a leading competitor in the fast-food restaurant business. One component of McDonald’s marketing strategy is to increases sales by expanding its foreign markets. At present, McDonald’s restaurants operate in over 100 countries. In making decision about opening restaurants in foreign markets, the company uses quantitative and qualitative financial and nonfinancial information. The following types of information would be important to such a decision: the cost of new building (quantitative financial information), the estimated number of hamburgers to be sold in the first year (quantitative nonfinancial information) and site desirability (Qualitative information).
Suppose you are a member of McDonald’s management team that must decide whether to open a new restaurant in England. Identify as least two examples each of the
(a) Quantitative financial
(b) Quantitative nonfinancial, and
(c) Qualitative information that you will need before you can make a decision.
Step by Step Answer:
Managerial Accounting
ISBN: 9780538742801
11th Edition
Authors: Susan V. Crosson, Belverd E. Needles