Business Facts

    Random Business Facts

    There are 75 Business Facts!

    Dmitry Argakov
    Dmitry Argakov
    A man named Dmitry Argakov was sent a letter offering him a credit card but he didn’t like the terms. So he altered the contract to include unlimited credit at 0% interest which the bank accepted but then tried to void his card. He sued the bank for not sticking to terms of the credit contract and won.
    48
    If you pronounce the names of products wrong in an Apple Store, employees are not allowed to correct you.
    5
    Amazon sells more e-books than printed books.
    43
    The retail price for the iPad would be $1,140 if it were built by American workers instead of Chinese.
    100
    The first product that Sony came out with was the rice cooker.
    75
    Nintendo has banked so much money, they could run a deficit of over $250 million every year and still survive until 2052.
    5
    CEO takes over company worth $9m, fires management, gives power to employees, and now makes over $200m
    Ricardo Semler, a CEO in his twenties, took over a company worth $9m, fired most of the management, and gave the power to the employees. It now has a turnover of over $200m.
    15
    In 1907, Kellogg’s launched a campaign called "Wink Day" to promote Cornflakes. Women were encouraged to “wink at your grocer and see what you get” (and what they got was a free box of cereal!)
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