10 Dumbest Business Moves
Bangalore: It is not possible to be perfect all the time. Sometimes what we consider to be good for the company might not necessarily be good. We can’t predict the future and so we don’t know what may bring the downfall. Companies tend to make mistakes that bestow them great loss. Here are some mistakes made by 10 companies which became their dumbest moves in business.
Federal Reserve System
This company is also known as Federal Reserve and sometimes called as Fed. It is a central banking system of United States. The dumbest move that they made was when they declared about setting the price of the swipe card at $0.12, last year. Later in June they made a development and increased the price to $0.239, almost double the previous price. They decided to do this because they were told to do so by the big bank and credit card company lobbyists.
