Word: profitability
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Dates: during 1950-1959
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...Casablanca dealer. The dealer then sold the oil to 25 cooking-oil merchants of Meknes, Fez and Casablanca, who posed as garage owners. The merchants mixed the bargain-price lubricating oil with olive oil in a 1-to-4 ratio that enabled them to boost by 75% their profit on the cheap cooking oil that the poorest Moroccan families use. Ready to cheat, if not perhaps intending what happened, the merchants did not know that the American lubricating oil contained an anti-corrosive additive (tri-ortho cresyl phosphate), two grams of which, taken orally, are enough to cause paralysis...
...aspect of his business. "I used to think." says the lean, balding Midwesterner, "that when I got old, I would not work such long hours, but here I am." He approves every idea, each sugary line on each card in his huge assortment. He keeps constant tab on the profit sharing, health insurance, hours and pay of his some 5.000 employees, even inspects the food served in the company cafeteria. When he rejects something, he is liable to do it without giving reasons, says only that his decisions come from "the vapor of experience." Out of this fog has come...
...million invested in Australia; today the kitty amounts to $670 million, and the forecast is for $1 billion in U.S. capital by the end of 1960. All told, 880 U.S. firms now do business in Australia. How well they do is evident from the statistics: a ten-year profit of $477 million, or better than 400% realized on the original 1948 investment...
...fewer than four U.S. automakers, Willys, Ford, Chrysler and General Motors, are scrambling for shares of the growing auto market. G.M.'s Holden subsidiary began in 1948 to produce a small car for Aussie markets, sells 100,000 units annually and posted a profit last year of $34 million. National Dairy Products Corp. this year spent $1,600,000 on new plant, was able to declare a $1,800,000 profit, which covered its entire new investment. The story is the same for Cleveland's Lincoln Electric Co., which has nailed down 50% of the market for heavy...
...survey was commissioned by the Regional Plan Association, Inc., a non-profit organization which was one of the first regional planning groups in the United States. "Although we concentrate on the New York area, our survey will be used by city planners everywhere. We can give planners a good idea of which forces in a city they can change, and which they'll just have to live with," Vernon pointed...