Word: profiteer
(lookup in dictionary)
(lookup stats)
Dates: during 1960-1969
Sort By: most recent first
(reverse)
...World of Profit, Auchincloss...
...sold at the Hearst collection, but I didn't have the $1,400 then. Ha, but today I do have the $29,000." Ha, indeed. In the present state of demand, he will undoubtedly soon have his $29,000 right back again-plus a handsome and justifiable profit for his acumen...
...time cutting down the conglomerates. Their growth stems largely from the vagaries of antitrust law?and there is still considerable question about whether the Government has the legal power to stop the trend. Diversification by merger has long been an attractive tactic for industrialists who were anxious to reduce profit-sapping fluctuations in the demand for individual goods and services. It is easier and quicker to diversify by buying a going concern than by starting from scratch. But Government antitrust barriers often stand in the way of combinations within a company's own field. They may prevent not only "horizontal...
...conceivably want to introduce such a fare; even though it lost money, it would lure customers away from the competitor and thereby increase "brand identification." The "reasonableness test" attempts to preclude such cut-throat tactics. To the CAB and the airlines, a fare is "reasonable" if it passes the "profit-impact" test: the revenues generated by the fare must excede the combined total of carrying costs and the amount of revenue lost through diversion from other fare plans. The bus companies, of course, argued that a more stringent test should be used...
Although the airlines presented only fragmentary estimates based on remarkably unsophisticated tests (inflight questionnaires asking if Youth Fare had induced the student to fly), the Examiner could find no evidence to suggest that Youth Fare was in fact unreasonable. Youth Fare was paying its own way and making a profit besides: full-fare passengers were not subsidizing students, as many of them believed. The fact that Youth Fare was profitable had another implication: the airlines would try to block acceptance of the Examiner's report designed to eliminate the service...