Word: consumerization
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In terms of manpower, Yugoslav industry is now producing more expensively than the same production would cost to import. The overall effort is based on a staggering program of self-sacrifice by the Yugoslav people. Like the Russian people, they were not consulted about the desirability of making the sacrifice...
The whole television industry, getting the savings from ever-increasing mass production, was right with him. RCA last week priced its 1950 10-in. table model at $169.95, the cheapest price for any brand-name set of that size. Philco, Admiral, Westinghouse, Tele-tone and others had trimmed prices as...
Thus, when recession-minded merchants felt the first touch of sales resistance, they canceled orders and started to live off inventories, lest they be caught in a slump. But sales slipped only 5% in the firs? six months. Since production dropped more than three times as fast, the U.S. was...
In 1949, businessmen did a forthright, statesmanlike job in defining the true test of how big is too big. The test, as General Electric's President Charles E. Wilson told a House committee investigating monopoly, was whether bigness gave the consumer more for his money. "When any concern fails...
Works of the Law. Yet it was the phenomena of bigness which stirred up the major business argument of the year and brought an all-out attack by the Department of Justice. No longer, as in Trustbusting Teddy Roosevelt's day, was the cry made that bigness and monopoly...