Word: low-cost
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...market share dipped to less than 31% last August, down from 45% in the late 1970s. Sales of Chevrolet and Oldsmobile models have sagged most dramatically, slipping 13% and 9% respectively since last year. If the economy remains stuck in low gear during the early 1990s, price competition is likely to remain fierce, and only the low-cost producers will make money. For GM's top managers, getting there is likely to cause a lot more stress...
Competition from low-cost, entrepreneurial private schools will pressure public institutions to abandon such inefficiencies as the tenure system. They will also give up the 10-month school year, a relic of the time when students had to do farm work in summertime. Year-round schooling is a more efficient use of resources; summer breaks tend to make the first and last months of the term virtually useless anyway...
...long lost sales to low-cost competitors that make cheap PCs that work just like Big Blue's machines. The last straw came in June, when Compaq Computer Corp., a premium-priced clonemaker, came out with yet another inexpensive model. Now IBM is fighting back with its own set of budget machines, priced from about $1,100 to $2,800. They aren't the cheapest, but the company hopes their features will lure customers. Analysts predict rough times for the cloners...
...commercial nuclear power stations. The deal -- no price attached yet -- will help keep the uranium out of the wrong hands and provide funds for the Russians to invest in improving the safety of their nuclear power plants. The U.S. will benefit from a long-term supply of relatively low-cost fuel for its power stations...
...matters stand, primary-care doctors, who tend to emphasize low-cost preventive treatment, make one-third to one-half the money earned by specialists, who can charge top dollar for their high-tech procedures. For a newly minted doctor who leaves medical school with an average debt of $50,000, it is hard to resist the appeal of a lucrative specialty. Another disincentive to primary care is the long and unpredictable hours -- especially in rural areas where a doctor may be the only physician for miles around...