Word: dealer
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Dates: during 2000-2009
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...buyers are clearly there. Factory-to-dealer sales of mobile video and navigation devices amounted to more than $450 million in 2002, a 54% jump from 2001, according to the Consumer Electronics Association. Americans bought 800,000 rear-seat entertainment systems and 300,000 navigation units. XM Satellite Radio, which went nationwide just 18 months ago, has some 500,000 subscribers, and the company expects to reach 1.2 million by year's end. And it's not just luxury-car owners who are shelling out for the high-tech extras. New-car buyers can find options like these on everyday...
...founded in 1974 by Philippa de Menil, of the Schlumberger oil fortune, and her husband Heiner Friedrich, a German art dealer. When oil prices slumped in the early 1980s, the foundation faltered for a while, but it re-emerged in chastened form several years later and, more recently, has got about $30 million from Leonard Riggio, chairman of Barnes & Noble. The foundation goes in for converted industrial buildings with good bones but no high-design drama. (The Nabisco factory was art-readied by little-known OpenOffice architects.) And while most museums collect a few works by each of a long...
...they're mainstream sedans for buyers on a budget. Both sell well. But when you talk about profit, the Taurus wobbles off the road. Ford must entice Taurus buyers with rebate offers and financing deals that slice 13%, or roughly $3,000, off the sticker price. After allowing for dealer profits, that leaves a negative return for Ford. The Altima, meanwhile, earns Nissan an estimated $1,500 (beyond the dealer's profit), contributing to the company's fat overall operating margin of 10.8%. You know the joke about the merchant who loses a little money on each sale but says...
This brings us to the 2500 books in the wholesale category, which is the least appealing of all because the prices are low—a buck, two bucks, or nothing. Books in this category are sold directly to a national used book dealer, and they must be sold right away because prices change every month. But there is an elegant solution to this problem that would benefit both students and the Coop...
...guns to plugs. A bookstall on Mutanabi Street carries a Hebrew-Arabic dictionary alongside volumes of Thomas Hardy, classical Arabic poetry and medical textbooks. Also selling like bread are DVDs of a documentary called "Saddam's Crimes." The street markets are also a good place to buy gasoline - the dealer sticks a hose in his can, takes a quick suck on the other end to start the flow, and hastily plugs that end into the buyer's can. Going to the gas station could mean an all-day wait...