Word: profitable
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Dates: during 1940-1949
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Economically, producing sugar is a terrible risk: it requires big capital investment and reaps a microscopic profit margin. This has led to cutthroat competition between the domestic beet bloc and the cane producers in Cuba, Hawaii, Puerto Rico and the Philippines. To protect themselves, the beet men for 25 years operated an intense and effective lobby to get Congress to erect tariff walls and pay subsidies. In 1934 they jammed through a quota system that gave them 25% of the 6,000,000 tons of sugar consumed in the U.S. One of their most cogent arguments for protection: a strong...
Elman started auctioning freak items on Hobby Lobby as a war-bond stunt. Soon, as Victory Auction, it was a show of its own, sold over $250,000,000 worth of bonds. The Treasury got his permission to imitate the idea. Now Elman is putting Auction to postwar profit. He got an auctioneer's license (he gets 20% commission on sales), a sponsor, and fifteen assistants to help him round up and check on items...
Management's answer was the usual one: wages cannot go up without increasing costs. After that, either prices must go up or the profit system goes out the window Said Henry Ford II: "It's difficult to admit that a company like Ford must be closed because labor insists on selfish policies when everyone's economic future is at stake...
...auto manufacturer may calculate his price in one of two ways: his own 1936-39 profit margin, or one-half the 1936-39 industry average based on 1941 base costs plus increases in basic wages and material costs-or on his 1942 model price, whichever is higher...
...firm member could appear in Who's Who or have his picture taken for publication. Not until the New York Stock Exchange threatened in 1933 to remove Allied's 2,400,000 shares from its lists did the corporation reveal its financial anatomy-and its amazing profit record-even to stockholders. Soon after, President Weber resigned...