Economics

During The 1950's

Economics

A Franchises is a company that offers similar products or services in many locations. (Franchise is also used to refer to the right, sold to an individual, to do business using the parent company name and the system that the parent company developed.) Fast food restaurants developed some of the first and most successful franchises. Sales man Ray Kroc paid the McDonald's $2.7 Million for the franchise rights to their hamburger drive in. In 1955, he opened his first McDonald in Des Plaines, Illinois. Where he furthered improved the assembly-line process and introduced the golden arches that are now familiar all over the world. Examples: McDonald's, Denny, Burger King, Taco Bell and others. Sales on TV guide introduced in 1953 and quickly out placed sales of other magazines in 1954 the food industries introduced a new convenience item, the frozen TV dinner. Complete ready individual meal on disposable aluminum trays. TV dinners made easy to be made without missing their favorite shows.


Example Of Fast Food:

  • McDonalds
  • Dennys
  • Burger King
  • Taco Bell
  • Subway
  • Dairy Queen