Final answer:
McDonald's has been able to earn above-average returns, achieve strategic competitiveness, and use the strategic management process.
Step-by-step explanation:
The correct option is 4) All of these options are correct.
McDonald's has been able to earn above-average returns by consistently generating high profits. This is due to its successful business model and strong brand presence worldwide.
McDonald's has also achieved strategic competitiveness by creating a competitive advantage over other fast-food chains through its efficient operations, marketing strategies, and customer appeal.
Furthermore, McDonald's uses the strategic management process to set goals, develop strategies, and implement plans for achieving its objectives.
In summary, McDonald's has been able to earn above-average returns, achieve strategic competitiveness, and use the strategic management process, so the correct answer is 4) All of these options are correct.