Razor and blades model the disposable safety razor and founder of Gillette Safety Razor Company, Gillette did not originate this model. The urban legend about Gillette is that he realized that a disposable razor blade would not only be convenient, but also generate a continuous revenue stream. To foster that stream, he sold razors at an artificially low price to create the market for the blades. But Gillette razors were expensive when they were first introduced and the price only went down after his patents expired: it was his competitors who invented the razors-and-blades model. This model has been used in several businesses for
Western Cartridge Company Western Cartridge Company The Western Cartridge Company manufactures small arms and ammunitions. Founded in 1898, it was the forerunner of the Olin Corporation, formed in 1944, of which Western is still a subsidiary, and is based in East Alton, Illinois, USA. Western Cartridge Company acquired the Winchester Repeating Arms Company after Winchester went into receivership in 1931. Franklin W. Olin received an engineering degree from Cornell University in 1886. After working at gunpowder mills in the eastern United States, he was one of several investors establishing the Equitable Powder Company in 1892 at East Alton, Illinois. Production of blasting powder