McDonalds is a fast food restaurant that serves the normal burgers fries, wraps, salads ect. it began in America however the market over there is much bigger so it eventually moved to Australia and now it operates all over the world.
Legal and government regulations are the rules and laws that must be thought about when planning a business, things like licenses and permits that need to be obtained before starting the business. Licenses are legal documents that say you are allowed to do things for example you need a gun license or a driver’s license if you want to shoot or drive. So in McDonalds case they had to obtain a food service license, so that they can legally sell and serve food to the public getting this license alone can range from $100-$1000 depending on location and amount of employees, plus licenses can expire so you'd need to make sure you have enough money to renew the license (from pos.toasttab.com) So McDonalds needed to think about this mainly the price do they have enough
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Including interest rates, wage, unemployment, exchange rates and inflations If interest rates where high, you wouldn’t buy something because everything is more expensive. Also, if a fast food joint was told to pick a 16-year-old or an 18-year-old they'd pick the 16-year-old because it’s cheaper to employ them as their wages are lower. When you repay a loan of money to the bank you will be paying for the amount you borrowed and also a little bit extra that extra is the interest and the interest goes up by a certain amount that certain amount is called the interest rate, so make sure you pay your loans fast A wage is the pay you for your work, which you can legally start earning at 14 and 9 months. You start at a base wage which for 16 year olds is $7.98 per hour however the 18 year olds base wage or minimum wage is $11.52 per hour so most business would go for the 16-year-old.