Word: product
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Dates: during 1960-1969
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...these measures will not bring prosperity to Latin America, for they are all limited by the fact that the whole money pot, the combined gross national product, is only $60 billion compared with...
What about the rest of the year? Economists agree that third-quarter gross national product figures will show almost no increase over the second quarter. With all the recent talk of recession, they had begun to fear that expenditures for plant and equipment might fall off later in the year. But this week, to their relief, new figures showed that expenditures are likely to run at a flat $37 billion, only a fraction below what had been earlier expected. Department-store sales also continued strong, running 4% ahead of last year for the last reported week, 2% ahead...
Mergers are also prompted by the fear of being caught with a single product in an age of rapid technological changeand widespread diversification. "There is a realization now as never before that new products are a vital source of new profits,'1 says Partner Wilson Randle of Booz, Allen & Hamilton, management consultants. "You can get a new product through research and development-or you can go out and buy it. Research and development might take three or four years. A merger can do it overnight." There are also personal reasons for mergers. Example: Chicago's Consolidated Foods recently...
Import Later. Lederle officials, who have invested $13 million in developing the Cox product, were stunned by the PHS endorsement of Sabin vaccine, which was financed by March of Dimes funds and had the powerful support of the National Foundation. Also stunned was Dr. Hilary Koprowski, an early Lederle worker on the vaccine, now at Philadelphia's Wistar Institute. At issue was the question whether the Sabin vaccine was indeed safer than the Cox and Koprowski varieties, as the PHS implied...
...educated Howard Johnson has good reason to love ice cream. As a youth, he sold cigars for his father around Boston, gave it up to buy a drugstore in home town Wollaston, Mass., soon was $40,000 in debt. "What I really wanted," says Johnson, "was to have a product I could call by my own name." He settled on ice cream, made it attractive by doubling the butterfat content, using natural flavors, serving heaping cones. In 1929 he opened his first restaurant in Quincy, Mass., lost money -but continued to add new ice-cream flavors and open ice-cream...