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- The first recorded business transaction in history took place over 5,000 years ago in Mesopotamia (modern-day Iraq) where clay tablets were used to record trades.
- The concept of limited liability, where shareholders are only responsible for a company’s debts up to the amount of their investment, was first introduced in the 19th century.
- The word “entrepreneur” is derived from the French word “entrepreneur,” which means “to undertake.”
- The largest employer in the world is the United States Department of Defense, with over 3.2 million employees.
- The term “unicorn” is used in the business world to describe a privately held startup company valued at over $1 billion.
- The first product to have a barcode was Wrigley’s gum.
- The first commercial video game, Pong, was released in 1972 and was created by Atari.
- The first email marketing campaign was sent out in 1978 by Gary Thuerk, a marketer at Digital Equipment Corporation.
- The world’s first website was created by Tim Berners-Lee in 1991 and was dedicated to providing information about the World Wide Web project.
- The most expensive domain name ever sold was “CarInsurance.com,” which was purchased for $49.7 million in 2010.
- The Coca-Cola Company is responsible for creating the modern image of Santa Claus. Their advertising campaigns in the 1930s popularized the red and white suit that we associate with Santa today.
- The first product to feature a barcode was a pack of Wrigley’s gum.
- The world’s first 1-800 toll-free number was launched by AT&T in 1967.
- The first product to be sold online was a Sting album called “Ten Summoner’s Tales” in 1994.
- The term “burn rate” is used to describe how quickly a company is spending its capital. It originated from the phrase “burning cash.”
- The world’s largest fast-food chain by the number of locations is Subway, with over 40,000 restaurants worldwide.
- The first commercial cell phone call was made in 1983 by Motorola engineer Martin Cooper.
- The average person spends around 90,000 hours at work over their lifetime.
- The world’s first recorded multinational corporation was the Dutch East India Company, established in 1602.
- The term “SWOT analysis” is an acronym for strengths, weaknesses, opportunities, and threats. It is a strategic planning tool commonly used in business.
20 Fun Facts About Business
