Word: expandable
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Putting BMW on a more efficient footing at home has enabled it to expand its product line in all directions. Over the past decade, it has evolved from a group with six model families--with the 3-, 5- and 7-series cars accounting for the vast majority of sales--to one with 11 model families grouped in three distinct brands, BMW, Mini and Rolls-Royce. Three new model families are in the works, including a luxury sports car. The Mini, a remnant of the otherwise disastrous 1994 Rover acquisition, has far exceeded all expectations, and BMW is expanding its production...
...minimum wage. A recent study by the Inter-American Development Bank in 12 Latin American countries found that only 8% of all enterprises are legally registered and that close to 23 million businesses operate in the shadow economy. The proprietors of these businesses cannot get loans, enforce contracts or expand beyond a personal network of familiar customers and partners...
...overall legislation would expand energy efficiency and renewable fuel incentives, end many tax breaks for oil and gas companies, increase the mandate on biofuels (such as ethanol made from corn and soybeans) from 6 billion to 36 billion gallons, authorize a carbon sequestration pilot project (which would trap carbon emissions underground) and make price gouging on oil and gas a federal crime. Ironically, it was meant to be the easy one of the two planned global warming bills. The second, expected later this summer, would set a cap on and establish reduction timetables for carbon emissions...
...Direct was always meant to be different. Ten years ago, the Dutch financial-services conglomerate ING went to Canada to see whether a bank with no branches, no ATMs and no checkbooks could survive. ING had its home market locked up and was looking to expand around the world. But buying or building enough branches to break into mature markets like the U.S. would be hugely expensive. So the company decided to run an experiment, communicating with customers only by phone, mail and the Internet. With the money saved, ING Direct could offer a significantly higher interest rate on savings...
...organic products currently account for only 1.6 percent of Britain's $167 billion food trade, it is the market's fastest-growing sector. While many Brits might associate the organic label with misshapen potatoes and flaccid carrots on offer at a local farmers' market, Whole Foods is trying to expand the market by offering organic food that's big and perfect...