Word: discounter
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Dates: during 1950-1959
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...newcomers are grabbing business mostly by making themselves the "discount houses of the air." Brazil's big Real-Aerovias charges only $432 for the round-trip excursion flight between Miami and Buenos Aires, as compared with the $779 asked by International Air Transport Association members such as Pan American. Panama's Aerovias flies from Panama to Miami for $55, v. the standard $94-and serves Scotch highballs on the house. Last week, grimly preparing to meet the competition, Panagra got set to introduce an excursion fare of its own that will undercut I.A.T.A. rates...
...could. But consider that, by creating a surplus of cars, the auto industry probably reduced the actual price to the buyer-by big knock-offs on the list price. That leads me back to your talk about consumer disenchantment. How did it start-what with these price knockoffs and discount houses, and such...
...list price suggested by Detroit. The reason is "price packing," the skilled and corrupt art by which some dealers boost the cost of accessories-from map lights to automatic transmissions-until the car's price is several hundred dollars over list. The dealer then generously offers a hefty "discount," or an inflated trade-in price, giving the customer the illusion that the deal is fantastically good. Last week in Washington, the Justice Department opened an investigation of price packing aimed at indictments under the Sherman Antitrust...
...seemingly expected to understand everything from the effects of a change in the Federal Reserve discount rate to a boundary dispute in mid-Africa to the impact of our stockpiling policy in the zinc industry...
Last week Alcan revealed that it began granting a 2% "loyalty" discount to British buyers three months ago, has asked the British Board of Trade to impose an anti-dumping duty on Red imports. Just as alarmed by heavy imports of cheaper Russian ferroalloys, Union Carbide, Ltd. is pondering a similar bid to the board...