Economy questions

Quota - mandatory deliveries to the state, e.g. military contingents, food contingents. This is a quantitative limit set by public authorities regarding the exercise of certain rights or the extent of participation in certain inputs.

“CEO” is probably the most known acronym among the company bosses. There are another ones as well, such as CFO (Chief Financial Officer), CMO (Chief Marketing Officer), CTO (Chief Technology Officer).

"CH" stands for Confoederatio Helvetica.

“Per capita” is commonly used in the field of statistics in place of saying "per person”.

The company was started in 1913 by Mario Prada and his brother Martino as a leather goods shop in Milan, Italy.

The concept of VAT tax was first proposed by German industrialist Dr. Wilhelm von Siemens in 1918. France was the first country to introduce it in 1958. As of 2018, 166 of the 193 countries employ a VAT, including all major countries except the United States.

Spotify is a Swedish media-services provider founded in 2006. The great innovation of spotify is their business model. Spotify doesn’t pay a fixed price to artists. Instead, it distributes to right holders approximately 70% of total revenue. The distribution is based on the number of times each song was played.

Gucci was founded by Guccio Gucci in Florence in 1921. Today, it is the highest-selling Italian brand.

Decathlon Group was founded in 1976 in Lille, France, by Michel Leclercq. His cousin, Gérard Mulliez, is the founder of the Auchan supermarket chain, and owns 40% of Decathlon. Today the company employs more than 87,000 staff from 80 different nationalities.

Adidas was founded by Adolf "Adi" Dassler who made sports shoes in his mother's laundry room after his return from World War I. In 1936, Dassler persuaded U.S. sprinter Jesse Owens to use his hand made spiked running shoes at the 1936 Summer Olympics. Following Owens' four gold medals, the brand of Dassler shoes became known to the world's sportsmen and their trainers.