Word: marketing
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Dates: during 1940-1949
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...they had been muttering angrily ever since Congress refused to grant appropriations to the Commodity Credit Corp. last summer for more crop storage bins. Because no Government loans can be made on crops stored on the farm, they had been forced to dump their surplus on a falling market...
That is a fitting motto for the Institute. It also describes the education of J. Robert Oppenheimer, who by all the standards of the market place is a well-educated man, and who by his own restless, relentless standards is still an apprentice, with 3 a lot to learn...
Bogged-Down Trucks. For companies whose profits were down, the cause was generally 1) high-priced inventories at a time when prices were dropping or 2) a shift to a buyers' market, which cut sales. Colgate-Palmolive-Peet, for one, reported a third-quarter net of $3.1 million (v. $5.3 million last year) on lower sales. Standard Brands showed a profit of only $787,519, a drop of 49%. With sales slipping, five out of eleven makers of electric appliances reported declines ranging from 2% (for Noma Electric) to 43% (for Bendix Home Appliances). Truckmakers Diamond T and Autocar...
...worried that the decision on basing points (TIME, July 19) will make it hard for Pittsburgh to sell steel when the shortage is over. The steelmen reportedly had promised G.M. plenty of steel next year in return for the new G.M. plants, which would furnish a local market when demand falls...
Nevertheless, the sellers' market for the industry was about over, and as one observer cracked: "What we need now is an automatic salesman." Manufacturers were rapidly catching up with their once huge backlog of orders. Burroughs had already trimmed prices and competition was getting so keen that one maker said: "From now on, production is going to be tied to incoming orders, instead of deliveries being tied to production...