Question

How does Mcdonald's affect economics in the Philippines​

Answer 1

wait what? Mcdonald affecting econims thats not true

Answer 2

Answer:

McDonald's will be able to create jobs and offer top-notch training to thousands of young Filipinos by opening more new outlets. They also help the local economy where we will be operating, Kenneth Yang, President and Chief Executive Officer of McDonald's Philippines, remarked.

Above was the statement made by the Philippine's government but it's not completely true, there are some drawbacks as well which is explained below

Explanation:

One of the profitable businesses in the Philippines is McDonald's. McDonald's has kept up its nationwide takeout delivery even during the GCQ and MECQ pandemics.

McDonald's Philippines, the world's largest quick-service restaurant (QSR), which is majority owned and run by its chairman and founder, Dr. George T. Yang, maintained double-digit growth last year because to ongoing expansion and innovations that improved the customer experience.

The business accomplished this while reaffirming its dedication to improving society through job opportunities and ongoing support for the Ronald McDonald House Charities.

In 2019, McDonald's boosted its capital spending to approximately P3 billion for projects built on enhancing the customer experience, value, and convenience as part of the company's goal to lead.

McDonald's NXTGEN stores, which have a modernized menu board, a dual point service platform with a visual board that lets customers track the status of their orders, self-ordering kiosks, cashless payment options, and table service, saw growth in 2019. By the end of the year, there were over 140 NXTGEN stores across the country, allowing more Filipinos in every part of the nation to enjoy modern convenience.

Over 60,000 people are currently employed directly by McDonald's across the nation.

Drawbacks/ Negative affects of McDonald's in the Philippines are

It generated millions of new employment opportunities for the general public. The McDonald's Corporation gives its workers extremely low wages and does not compensate them for working overtime in order to generate high profits.

#SPJ2