ECONOMICS
ENTREPRENEURS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Ronald McDonald
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Raymond McDonald
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Ray Kroc
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Ray Arches
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Detailed explanation-1: -Kroc shared his vision of McDonald’s future, selling his early suppliers on future volumes. They believed in him and the restaurant boomed. Again, Ray Kroc was looking for a partnership, and he managed to create the most integrated, efficient and innovative supply system in the food service industry.
Detailed explanation-2: -Raymond Albert Kroc (October 5, 1902 – January 14, 1984) was an American businessman. He purchased the fast food company McDonald’s in 1961 and was its CEO from 1967 to 1973. Kroc is credited with the global expansion of McDonald’s, turning it into the most successful fast food corporation in the world.
Detailed explanation-3: -In 1955, Kroc opened the first McDonald’s east of the Mississippi river. Ray Kroc’s first McDonald’s restaurant in Des Plaines, Illinois just prior to opening on April 15, 1955. Newspaper advertisement announcing the opening of Ray Kroc’s first McDonald’s.
Detailed explanation-4: -Their marriage ended in 1961 when Kroc bought out the McDonald brothers’ $2.7 million stake in the company.