Word: businessmen
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Dates: during 1950-1959
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...buildup is likely to be slow and cautious. For some time businessmen have tended toward lower inventories because heavy inventories are expensive and improved transportation and increased industrial capacity have made materials easy to get. Many retail stores are ordering smaller quantities more often, getting by with a 30-day or 60-day supply instead of the 90-day supply they might have carried a few years ago. Manufacturers are doing the same. Steel customers are buying more of their steel from warehouses instead of directly from the mills, even though prices are as much as 30% higher, because...
...that a light bulb would fit the socket no matter who made it. But while showing the world the benefits of standardization, U.S. firms have done a poor job in helping set up worldwide standards. They have left the field largely to other nations, simply because many U.S. businessmen are unaware of the importance such standards play in world trade. This importance was emphasized last week as 1,000 delegates from 40 countries met at Harrogate, England, to bring the world closer to conformity on everything from screw threads to nuclear reactors. Eventually, their decisions will have repercussions from...
Since U.S. industrial technology leads the world, many nations could easily be persuaded to adopt U.S. standards as international, thus open up new markets for U.S. products. But while U.S. businessmen have dallied, the world has not waited. Great Britain, France and The Netherlands have taken the lead in standard setting, and even Russia has participated in one-third more standardization conferences than the U.S. Young industrial nations are already finding it easier to adopt British. French or even Russian rather than U.S. standards. In the last ten years, India has adopted some 1,000 national standards; most were British...
...surprising-raking-over in Tokyo last week. On display at the Shirokiya Department Store went more than 70 foreign-made products alongside Japanese copies so cleverly done that only an expert could tell which twin had the patent right. The purpose: a campaign by the Japanese government to shame businessmen out of pirating foreign designs. Said the Ministry of International Trade: "This exhibit is an appeal to the Japanese people's conscience...
...turn, underdeveloped countries could profit from Puerto Rico by: ¶Replacement of hostility to private capital with an outright welcome, using tax incentives and hard-sell promotion. ¶ Official honesty; greasing endless palms frightens many businessmen. ¶ Sound planning and statistics. ¶ Playing down nationalism, working toward what Muñoz calls "the post-nationalist world...