Product: Products are the range of goods and organization sells to their customer so as to help them satisfying their needs and demands. McDonald’s sells a variety of products to its customers... Now the importance of pricing for McDonald’s can be estimated from the point that McDonald’s sell mostly snacks and food items which have huge connection with leisure and pleasure, thus to have a customer recall value McDonald’s need to price their goods effectively. Now place is again a very important aspect of business functionality of McDonald’s as the food giant has to see that the cost of maintain the place and benefits derived in terms of revue and customer addition is positive or not, also McDonald’s have to also see whether the place they have decided matches the brand image which is generally fun and leisure of not. Importance of process is also very important for a giant like McDonald’s as they have to maintain homogeneity in the process of serving, preparation and with all this they have to also manage the cultural and legal needs of the UK environment, like usage of oils components, health issue prescribed by UK government agencies etc. Thus McDonald’s has to have a homogeneous process though with a small addition of country’s needs. Source: Free Articles from ArticlesFactory.com I am a professional assignment writer, we provide best Online Assignment Help for University and School student on different educational topic like Management, Marketing, Business, Human Resource Management etc.