Use the following to answer questions
The following table presents a summary of ratio analysis for McDonald's and averages for their peer group:
-Are differences between McDonald's and the industry likely driven by differences in size between McDonald's and the average company in their industry peer group? Explain briefly.
Definitions:
Collective Bargaining Process
A method where workers, through their unions, negotiate contracts with their employers to determine their terms of employment, including pay, benefits, hours, leave, job health and safety policies, and more.
Business Pressures
Challenges and demands placed on a business by economic conditions, competition, regulations, and other external factors.
Competitiveness
The ability of a company, sector, or economy to provide products or services effectively in comparison to others, often measured by factors like cost, quality, and innovation.
Union Contracts
Agreements negotiated by labor unions and employers defining employment terms, worker benefits, and conditions to ensure fair treatment and equitable wages for union members.
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