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Believed to be the first coupon ever, this ticket for a free glass of Coca-Cola was first distributed in 1888 to help promote the drink. By 1913, the company had redeemed 8.5 million tickets. [6] Coca-Cola's 1888-issued "free glass of" is the earliest documented coupon. [6] [7] Coupons were mailed to potential customers and placed in magazines ...
The economist Alex Tabarrok has argued, that the success of this promotion lies in the fact that consumers value the first unit significantly more than the second one. So compared to a seemingly equivalent "Half price off" promotion, they may only buy one item at half price, because the value they attach to the second unit is lower than even the discounted price.
The fashion industry contributes up to 8% of global carbon emissions and 20% of ... Shein and Forever 21 are combining forces to expand their reach—the deal is a win for fast fashion, but a loss ...
One low production cost is the investment cost of materials to make a garment. Fast fashion invests in polyester and cotton fabric because they are inexpensive and durable. In 2020 polyester's global price per metric ton was $725 (or 32.9 cents per pound), and the global price for cotton in 2021 was 126 cents per pound. [39] [40]
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The 2020 United States presidential election was the 59th quadrennial presidential election, held on Tuesday, November 3, 2020. [a] The Democratic ticket of former vice president Joe Biden and the junior U.S. senator from California Kamala Harris defeated the incumbent Republican president, Donald Trump, and vice president, Mike Pence. [9]
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