Final answer:
The success or failure of a product in the market system is determined by consumer sovereignty and dollar votes, where consumers indicate their preferences through their purchasing choices. While McDonaldization offers greater global access to goods, it can lead to less variety in the marketplace.
Step-by-step explanation:
The success or failure of a product like the "Big Mac" or the "Arch Deluxe" in the market system is primarily determined by consumer sovereignty and dollar votes. This implies that consumers dictate what goods and services are produced through their purchasing choices, where each dollar spent acts like a 'vote' for that product.
An advantage of the McDonaldization of society is more worldwide availability of goods, due to the replication of the fast-food business model across different sectors. However, a disadvantage of this trend is less variety of goods, as standardized products become widespread.