Word: markup
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Dates: during 2000-2009
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Selling compact discs was viable as long as the companies controlled the quantity and destiny of that music. Metallica CDs have been available only from stores, catalogs and online sites, and sold at a price that covers production, marketing, distribution, royalties to the artist and, not least, the markup for record company and retailer. That's why CDs that each cost 50? to make retail for $15. As long as the only way to get that music was through those channels, then Metallica and its label, Electra (owned by Time Warner, TIME's publisher), had a great gig. Last week...
...Nearly anyone who is homeless or at risk of homelessness can work at Spare Change as long as he or she is sober and courteous. Vendors must obtain ID cards and then can purchase the rag for a quarter per issue to resell it at a 400 percent markup at a dollar. The seventy-five cents profit per issue they get to pocket...