Category: Business

Almon Brown Strowger noticed he was losing business because a…

Almon Brown Strowger noticed he was losing business because a competitor’s wife, who was a telephone operator, would redirect calls for Strowger to her husband’s business. Strowger later invented the automatic telephone exchange which eliminated the need for operators.

In 2018, the Domino’s in Russia offered up to 100 free pizzas…

In 2018, the Domino’s in Russia offered up to 100 free pizzas every year for 100 years if a customer got the Domino’s logo tattooed visibly on their body. Initially intended to last a month the promotion proved to be so popular Domino’s ended it after a week with 350 accepted winners.

A teenager, Peter Roberts invented a quick-release ratchet. He…

A teenager, Peter Roberts invented a quick-release ratchet. He sold his patent to Sears for $10,000 who said that the invention was not worth very much and then went on to make $44 million selling the ratchet. He sued them for fraud and was awarded $1 million.

Photo :  Gars129 / wikimedia

A teenager, Peter Roberts invented a quick-release ratchet. He…

A teenager, Peter Roberts invented a quick-release ratchet. He sold his patent to Sears for $10,000 who said that the invention was not worth very much and then went on to make $44 million selling the ratchet. He sued them for fraud and was awarded $1 million.

Photo :  Gars129 / wikimedia

High priced college textbooks bundled with “access…

High priced college textbooks bundled with “access codes” that expire at the end of the semester largely force students to buy books at retail prices at campus bookstores and render the texts worthless in the resale market. Nearly four in 10 college courses bundle their texts with access codes.

Printer companies implement programmed obsolescence by embedding…

Printer companies implement programmed obsolescence by embedding chips into ink cartridges that force them to stop printing after a set expiration date, even if there is ink remaining.

Most states require car manufacturers to sell through the…

Most states require car manufacturers to sell through the dealers. Even if your order directly from the factory, the order must go through the dealer. This dealer distribution system adds around 30% to the price of the cars.

Planned obsolescence is illegal in France; it is a crime to…

Planned obsolescence is illegal in France; it is a crime to intentionally shorten the lifespan of a product with the aim of making customers replace it. In early 2018, French authorities used this law to investigate reports that Apple deliberately slowed down older iPhones via software updates.

Claud Hatcher bought a large amount of Coca-Cola syrup from a…

Claud Hatcher bought a large amount of Coca-Cola syrup from a salesman and felt that he deserved a reduced price for such large volumes. When refused, Hatcher vowed to never purchase Coca-Cola again and was determined to develop his own soft drink. He kept his vow and today we have Royal Crown (RC) Cola.

Photo : Sam Howzit / flickr

In the early 1960s, The Price Is Right gave away prizes like an…

In the early 1960s, The Price Is Right gave away prizes like an airplane, a submarine, a swimming pool, and a house in Florida.