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Essay

Gillette

Essay specific features

 

Issue:

Business

 

Written by:

Keith B

 

Date added:

November 23, 2013

 

Level:

 

Grade:

A

 

No of pages / words:

7 / 1947

 

Was viewed:

9980 times

 

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Essay content:

Gillette spent over six years perfecting his safety razor and in 1901 partnered with William Nickerson and Massachusetts Institute of Technology educated machinist who developed a production process that made Gillette's idea a reality. After the completion of the first safety razor prototype Gillette formed the American Safety Razor Company to raise $5,000 for the first production...
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Gillette became president of the company and production began in 1903. The first year sales of the company was, 51 razors sets at $5 each and 168 blades at $1 for 20 pieces. In 1904, Gillette received that patent on the safety razor and sales increase to 123,000 blades that year. The following year the company purchased a six storey building in Boston and by 1906 it paid its first cash dividend...
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