IF ALL YOU’VE GOT IS A HAMMER, YOUR PROFIT MARGINS GET NAILED

“We’ll ferociously manage the products we carry so that we sell only products that are profitable. The thirty-pound box of nails isn’t long for our world.”

Amazon.com CEO Jeff Bezos, in a company memo about plans to make money selling things by selling things that make money, The Wall Street Journal, 2 February 2001

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