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Assignment example - McDonald's Cost Control
Finance & Accounting
Pages 3 (753 words)
The paper dwells upon the McDonald’s Corporation as the largest fast food chain in the world. The management of McDonald’s has never faced a problem which is too difficult for them or one they cannot solve. …
Extract of sample
McDonald’s bigness hinders the organizational ability to control costs from the head office. The company has many smart people to realize that faster than others. This has lead McDonald’s into developing cost control tools that will help the organization achieve its targets of cost control at every branch level in every country. As a result of this McDonald’s headlined the newspapers around the world and many newspapers wrote that it has earned profit that was far above the expectations of public, analysts and other stakeholders. The result for this boost in profit was effective cost control at McDonald’s. This resulted in extremely high profits for the company. Since profit is calculated by subtracting revenue from costs, any reduction in costs is going to inflate the profit figure. This is what has happened in McDonald’s and the company enjoyed a successful year thanks to the great work done by operation managers and cost control personnel and McDonald's. ...
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