Word: marketed
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Dates: during 1970-1979
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...tacit agreement, the British government has left BP's managers free to go their own way, even when they have strained politicians' patience. During the 1973 Arab oil embargo, BP diverted shipments of Middle Eastern crude away from Britain, where prices were under government control, to Germany, where the market was free. The same year, BP pulled out of the unprofitable Italian market, with never a word from Whitehall about what that would do to Common Market solidarity...
...ubiquitous (more than 5,000 U.S. and Canadian outlets) Radio Shack claims 15% of the market in Citizens Band radio equipment; CB enthusiasts accounted for almost 25% of the chain's $742 million in revenues last year. Experts forecast sales this year of at least ten million of the new CB models, and Radio Shack is set to take home to its parent, Tandy Corp. of Fort Worth, an increasing share of the industry's profits. With its sales of hi-fi and stereo equipment also booming, the chain is expanding at a pace that puts it further and further...
DESPITE THESE self-imposed restrictions, during twenty years the company has increased its sales from $625,000 to $5 million in a highly competitive market. This commercial success does not prove worker ownership superior to stockholder-owned companies: conventional firms have had equal or greater successes. The merit of the Commonwealth idea lies in its accomplishment of human objectives which ordinarily are given second place or ignored entirely in commercial practice...
William P. Dillon '78 and Alfred B. Lewis '78, both Economics concentrators, founded the company last year after deciding they "knew more about the stock market than many brokers...
Many Harvard undergraduates are members of the club. One student said he averaged a 25 per cent increase on his investment. He said Dillon sends out reports telling his customers about market conditions, and that he'll keep his money with Dillon until the "bottom drops out of the market...