An individual who joins a multi-level marketing (MLM) company can make money by selling products directly to consumers AND more importantly by getting other people to become distributors at a lower level in the pyramid. In fact, even if nobody…

For most of Amazon’s history it made zero profit. That changed a couple years ago, but although its gross profit margin on revenues is now positive, it is still pretty negligible today. Amazon is a huge conglomerate these days, but…

There have always been large organizations that have done the kinds of things corporations do, but for most of human history, large organizations were run by religious hierarchies or governments rather than for-profit businesses. For-profit businesses were always small which…

A classic story of price discrimination that textbooks tell is the appliance ‘dent and scratch’ sale in which an appliance store will deliberately create cosmetic damage on some of their washers and refrigerators so that they can sell them at…