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IKEA is one of the world's largest furniture firms, with over 400 locations worldwide selling affordable household furnishings to customers. IKEA is a Swedish multinational corporation that sells ready-to-assemble kitchens, furniture, and home accessories. Ingvar Kamprad, who was 17 years old established IKEA in 1943. The company is known for its furniture and appliance designs, as well as the interior design work, which is connected with an eco-friendly and simply elegant look. IKEA is also noted for its focus on operational data, cost management, and continuous product development, which has allowed the firm to reduce its pricing by an average of 2.5-3%.

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