The history and information in the business world are fascinating. These obscure statistics provide a window into the growth of trade and commerce, from the earliest stock exchange to the largest firm by revenue.
In this blog, we will look at 10 fascinating and little-known business truths.
- In Amsterdam in 1602, the first stock market was established. The Amsterdam Stock Exchange was established to facilitate the trading of Dutch East India Company shares.
- The Dutch East India Company, first established in 1602, was the first international organization in history. It was responsible for forging commercial ties with nations in Asia, Africa, and the Americas.
- In 1950, the Diners Club released the first credit card. It was a charge card that could only be used in a few particular hotels and restaurants.
- The word “brand” is derived from the Old Norse verb “brandr,” which denotes burning or marking. It was initially used to refer to the ownership markings farmers put on their cattle.
- In 1994, a guy purchased a pepperoni pizza from Pizza Hut and made the first internet purchase. It was purchased with a credit card after being bought over the Pizza Hut website.
- Startup businesses valued at over $1 billion are called “unicorns.” Aileen Lee, a venture capitalist, created the phrase in 2013.
- Walmart, which generates over $500 billion in revenue annually, is the largest company in the world by revenue. Amazon and China’s State Grid Company are next.
- A firm’s first public stock offering is called “coming public.” This is frequently accomplished through an IPO (IPO).
- One of the most fundamental economic concepts, supply, and demand, originates in classical Greece. It is predicated on the notion that the equilibrium between supply and demand determines the price of an item or service.
- In a newspaper in 1704, a print ad for a book served as the first commercial advertisement. Since then, firms have spent billions of dollars annually on advertising efforts, making it a crucial commerce component.
These little-known business facts highlight trade and industry’s lengthy and fascinating history. These statistics provide a window into the evolution of business and the guiding ideas behind it, from the first stock exchange to the largest firm in the world by revenue. It will be great to see what new statistics emerge as the corporate landscape changes.