The Success Story of the McDonald's Organization Explains

question 5

Multiple Choice

The success story of the McDonald's organization explains

• A)that "fast food" is really not served very efficiently.
• B)that the McDonald's idea never caught on abroad.
• C)why so many small businesses do not succeed.
• D)that the organizational principles of McDonald's have come to dominate our social life.

---

Definitions:

Dumping

The practice of exporting goods at a price lower than the home-market price, often with the intent of undermining competition in the importing country.

Price Discrimination

The selling of a product to different buyers at different prices when the price differences are not justified by differences in cost.

Smoot-Hawley Act

A United States legislative act passed in 1930, which raised tariffs on thousands of imported goods, contributing to the severity of the Great Depression.

Import Restrictions

Government-imposed limits or duties on the quantity or value of goods that can be imported into a country.