Business Facts

    Random Business Facts

    There are 75 Business Facts!

    It has been scientifically proven that praise rather than criticism is the best way to help employees improve.
    10
    Every year, Louis Vuitton burn all their unsold bags. They burn them in order to prevent them from being priced lower.
    6
    As part of an advertising campaign, Molson, a Canadian beer company, strategically placed 'beer fridges' around Europe that only Canadian passports could unlock.
    11
    China's Pollution Is so Bad, a Millionaire Made over $6m Selling Cans of Fresh Air
    In response to China's air pollution, a Chinese millionaire started selling cans of fresh air for $0.80 and made over $6 million dollars in 10 months.
    19
    The retail price for the iPad would be $1,140 if it were built by American workers instead of Chinese.
    100
    John Mackey (Whole Foods CEO)
    John Mackey (Whole Foods CEO)
    In 2006, the CEO of Whole Foods reduced his salary to $1 a year, donated his entire portfolio to charity, and set up a $100,000 fund for staff facing personal problems.
    47
    The first owner of the Marlboro Company died of lung cancer.
    342
    Colgate's first toothpaste came in a jar.
    172