Identify examples of each of the 7 factors that impact a company like McDonald’s. Which factor(s) do you think represents the greatest risk, the greatest opportunity and why?
Expert Answer
The elements that can impact a company like McDonald’s are:
1. Products
2. Competition
3. Customers
4. Demographics
5. Cultural
6. Employees
7. Technology
The greatest risk element would be the competition because there are companies like Burget King and KFC. They are doing well in the market and if the company fails to deliver then the players like Burger King and KFC will be ready to capitalize on that. So the company needs to keep a
OR
PayPal Gateway not configured
OR
PayPal Gateway not configured