Word: ferencz
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Dates: during 1970-1979
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...they get credit, people's buying habits change: on sudden impulse they pick up items they would never have bought if they had to pay cash. Explains Madi Ferencz, a senior product manager for Colgate-Palmolive Co. in New York: "Knowing I can charge an item, I say, 'Oh well, the bill will not be corning in for another month.' " At one auction, Ferencz dipped into her bank line of credit to make the winning bid of $500 for a Persian rug. "I wasn't planning on buying a rug, but this one came...
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