Word: pricing
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Dates: during 1960-1969
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...Kiesinger's month-old promise that "the mark will never be revalued while I am Chancellor." That promise, said Socialist Schiller, binds the German government only until next September's national elections. More important, he added, it applies only to an isolated German move to raise the price of the Deutsche Mark and does not rule out a general shuffle of parities among several countries...
...today's exchange rate of four marks to the U.S. dollar, top German officials consider that the dollar is more overvalued than the mark is undervalued. Still, the mechanics of the monetary system weigh strongly against any devaluation of the dollar. The price of the dollar is measured only against that of gold: $35 per ounce. Other currencies are valued in terms of dollars...
These exchange rates can be altered without disrupting the dollar-gold relationship, which underpins the whole system. Moreover, the dollar remains strong in world money markets despite U.S. price inflation...
...year or more, can indeed be rugged competitors. Even so, the company's top management is known to take a somewhat protective attitude toward competition. IBM makes such profits (last year it earned $651 million after taxes on revenues of $5.3 billion) that it could trim prices and still do well. But IBM knows only too well that a general computer price cut might drive some smaller competitors to the wall. IBM is also sensitive about its size, and about the fact that the Justice Department has long had it under examination. Beginning in January, Tom Watson...
...Unashamed." In Major Barbara, characterizing the Undershaft family, Shaw drew a composite portrait of Europe's great munitions makers. After explaining the armorers' creed-"To give arms to all men who offer an honest price"-he assigned them as a device, the one word "Unashamed." The word implies at least some contemplation of a moral dilemma. But there is little evidence that the Krupps and people like them ever really considered the possibility of personal guilt. In the best 19th century patriotic tradition, the Krupps-like weapons makers all over Europe-always worked with their own government...