Word: profits
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Dates: during 1950-1959
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...went to England for his father, a successful Paris art dealer. Among his first wise investments were two Van Gogh drawings for $20 each. Edouard Manet's Portrait of Victorine Meurend for $200. (In 1928, Rosenberg rebought the picture for $40,000, sold it again at a profit. It now hangs in the Boston Museum of Fine Art). At 20, he took over his father's Paris salon. By paying better prices than competing dealers, Rosenberg kept artists like Picasso, Matisse, Braque and others in his stable, built his business into one of Paris' top dealerships. When...
...goods to market than it does to make them. Of the consumer's dollar, only 47? represents the cost of the product itself; the other 53? is the cost of distributing. Example: A television set, which can be produced for $165 (including manufacturer's profit), costs slightly more than that to stock, ship, warehouse, advertise and sell. Moreover, while the cost of production has been falling proportionately since the war, distribution costs have been rising. How can they...
...more, manufacturers are building smaller plants designed to serve individual regional markets. Thus, on both ends of the distribution chain, manufacturers and merchants are coming to realize the same thing: the only way to cut down distribution expense is to organize it on the same large-volume, low-profit principle as production...
Some of the U.S. representatives, not quite convinced that Peron really means what he says about welcoming U.S. capital, are still waiting a bit longer before finally committing themselves. Others, hoping for special arrangements giving them more favorable annual profit-remittance rates than the recently enacted 8% limit, are so far hesitant to close deals. But some have already struck their bargains. One major chemical firm has signed an agreement to put from $20 to $30 million into Argentine mining and chemical enterprises. Standard Railway Equipment Manufacturing Co. has signed with an Argentine firm to put up a $20 million...
...Dining Hall Department, which made a clear profit of $36,906.22 in 1951-52, had a deficit during 1952-53 of $1,825.22. Starting at the beginning of the year with a credit balance of $3,506.15, this left the department a slim balance of $1,680 at the end of the year...