Ray Kroc (1902–1984) Flashcards

1
Q

Who is Ray Kroc?

A

The entrepreneur who expanded McDonald’s into a global fast-food empire.

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2
Q

When and where was Ray Kroc born?

A

October 5, 1902, in Oak Park, Illinois.

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3
Q

What business model did Ray Kroc perfect at McDonald’s?

A

The franchise model.

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4
Q

What key symbol became synonymous with McDonald’s under Ray Kroc’s leadership?

A

The Golden Arches.

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5
Q

Who originally founded the first McDonald’s restaurant?

A

The McDonald brothers, Richard and Maurice McDonald.

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6
Q

How did Ray Kroc revolutionize fast food?

A

By standardizing operations and implementing a scalable franchise model.

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7
Q

At what age did Ray Kroc find success with McDonald’s?

A

At the age of 52.

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8
Q

Why was the post-World War II era significant for McDonald’s success?

A

The era saw economic growth, suburban expansion, and the rise of car culture, which increased demand for quick, affordable meals.

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9
Q

What was Ray Kroc’s major contribution to business management?

A

Standardization of franchise operations for consistency across all locations.

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10
Q

What industry did Ray Kroc help create?

A

The fast-food industry.

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11
Q

What major challenge did Ray Kroc face with the McDonald brothers?

A

Disagreements over the company’s future vision, leading Kroc to buy them out.

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12
Q

What year did Ray Kroc buy out the McDonald brothers?

A

1961.

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13
Q

What is Ray Kroc’s legacy in the business world?

A

He transformed McDonald’s into one of the largest and most recognizable fast-food chains globally.

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14
Q

How is Ray Kroc’s approach to McDonald’s studied today?

A

As a model for successful franchising and business operations.

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15
Q

Why was Kroc’s purchase of the McDonald brothers controversial?

A

He bought them out for $2.7 million, which later seemed undervalued given the company’s enormous success.

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16
Q

What sports team did Ray Kroc own?

A

The San Diego Padres baseball team.

17
Q

What unusual action did Kroc take as owner of the San Diego Padres?

A

He criticized his own team over the PA system during a game for poor performance.

18
Q

How is Ray Kroc remembered today?

A

As the driving force behind McDonald’s global success and a pioneer of the fast-food industry.

19
Q

What role did television play in McDonald’s success under Ray Kroc?

A

Kroc used television effectively to market McDonald’s, making it a part of American pop culture.

20
Q

What major donation did Ray Kroc’s wife, Joan, make after his death?

A

She donated $1.5 billion to the Salvation Army.

21
Q

How did Kroc’s business model influence other industries?

A

His franchise model set the standard for scalability and uniformity in many industries, not just fast food.

22
Q

Why did Ray Kroc prefer a simple menu at McDonald’s?

A

To streamline operations for speed, efficiency, and consistency.

23
Q

What is an interesting fact about Ray Kroc’s eating habits?

A

Despite owning McDonald’s, Kroc preferred traditional dining over fast food.

24
Q

Fill in the blank: Ray Kroc helped transform the fast-food industry by perfecting the ____ model.

A

franchise

25
Q

Fill in the blank: McDonald’s became globally recognized under Ray Kroc’s leadership, symbolized by the ____.

A

Golden Arches

26
Q

Fill in the blank: Ray Kroc faced challenges with the ____ brothers, the original founders of McDonald’s.

A

McDonald

27
Q

How did Kroc capitalize on post-war American culture?

A

He tapped into the rising demand for quick, affordable meals driven by suburban growth and car culture.

28
Q

How did Ray Kroc contribute to the fast-paced American lifestyle?

A

He made fast food more accessible, providing quick service for busy families and workers.

29
Q

What was Ray Kroc’s primary occupation before joining McDonald’s?

A

He worked as a paper cup salesman.

30
Q

Fill in the blank: Ray Kroc is best known for turning ____ into a global fast-food empire.

A

McDonald’s