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The cost to IKEA of the incident was estimated to be between $6 and $7 million. [7] In 1999, IKEA replaced the lacquer coating on the white bookcase with melamine foil. [1] In 2009 Bloomberg instigated a "Billy bookcase index", as an alternative to the Big Mac index, to compare relative price levels in different countries around the world. [8] [9]
Japan was another market where IKEA performed badly, exited the market completely and then re-entered with an alternative store design and layout with which it finally found success. IKEA entered the Japanese market in 1974 through a franchise arrangement with a local partner, only to withdraw in failure in 1986.
A Welsh dresser is a piece of wooden furniture consisting of drawers and cupboards in the lower part, with shelves and perhaps a sideboard on top. Traditionally, it is a utilitarian piece of furniture used to store and display crockery, silverware and pewter-ware, but is also used to display general ornaments.
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The chest drawers were and are called by many names: LAMSAS database contains 37 answers to the request to name a chest of drawers, with "bureau" and "dresser" most popular at 52.5% and 17.5% respectively. [5] Chippendale called them "commode tables" or "commode bureau tables", Hepplewhite used the terms "commodes", "chests of drawers". At the ...
Choice architecture has been implemented in several public and private policy domains. Variants of the Save More Tomorrow Plan (conceived by Richard Thaler and Shlomo Benartzi), which has individuals commit in advance to allocate a portion of future salary increases to savings, have been adopted by companies to increase employee retirement savings.
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