Word: grosse
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Dates: during 1950-1959
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Actually, as shown by a 1956 survey by the National Appliance and Radio-TV Dealers Association, the average U.S. appliance dealer probably loses money on his service operation; gross profits (not including extra rent, power, clerical help, etc.) amounted to only .6% of service revenue despite all the public griping about exorbitant repair prices. Independent repair shops do better-they must to stay in business-yet even their profits are so slim that more repair shops fail than any other kind of private commercial (laundries, undertakers, etc.) service...
...service. Ford set up a complete garage where $1,000,000 worth of prototype cars were torn down and rebuilt to lick all servicing problems before the first Edsel was sold. Says Edsel Service Manager Harold N. Johnson: "We think we've shown dealers how to get 30% gross profit on servicing operations-without resorting to corruption...
FOUR-DAY WEEK "is not a sound thing to consider at this time," says Labor Secretary Mitchell, who writes it off as "just a bargaining point" for labor. Reasons Mitchell: by 1965 U.S. gross national product must jump 40%-to $560 billion-to supply goods to expected population of 193 million. For this, nation will need 10 million more workers, and since labor is short, a four-day week would be "to the detriment of the full use of our resources...
...that there must be better ways of going beyond his $17-a-month Government check for partial (10%) service disability. With his brothers Henry and Max he founded the Ex-G.I. Plastics Co., and soon they were going beyond at the startlingly successful rate of about $18,000 gross a week. Gimmick: the Krams crammed cheap plastic crucifixes into envelopes with letters asking $1 aid for a partially disabled vet, mailed them by the hundreds of thousands to Catholic-sounding names culled from phone books...
...Circuit Court of Appeals reversed the decision. Despite the court's action, Murray Kram, 28, felt that the mail business was getting too uncomfortable. But he already had a new, eminently legal career in mind: aiding churches as a professional fund raiser, at 15% of the gross take...