Word: discounters
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Dates: during 1960-1969
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...their demonstration cars, and they may be willing to pass on the saving to the customer. A $3,100 Chevrolet Impala with 5,000 miles, for example, may cost the dealer only $2,075, since he gets a $250 allowance for the mileage on top of his usual $775 discount on the car. One possible drawback to buying demonstration cars is that the warranty coverage has been shortened by several months while the dealer has been using...
...resents paying the high price of home repairs has few alternatives. Some save by acting as their own contractors, buying materials at the contractor's discount and employing moonlighting carpenters and electricians. The moonlighters generally charge only their actual wage rate, plus perhaps a dollar an hour. But few homeowners are able to estimate the quantity, sizes and types of materials that a job may require; even fewer know enough to supervise and coordinate the work of the craftsmen. It would take an expert to tell the good workmen from the many others who produce most of the grumbling...
...bank can afford to be too choosy, since the 3% discount barely covers overhead, and monthly carrying charges are the cream of the business. Success for the banks depends on wide circulation of the cards among people who will use them to finance big-ticket purchases. Customers are assessed no fee if they pay their bills to the bank within 30 days; thereafter, the interest mounts at 1½ % a month. Thus the bankers expect to get most of their profits from people who do not pay punctually...
...COMMISSION FIGHT. This is the issue with the greatest impact on investors' wallets, and one that the exchange must resolve in the next year or so to appease Government regulators. Under intense pressure from the SEC, it enacted a 7% volume discount on big block trades last year, but the cut was too small to please anyone. The Justice Department advocates scrapping the brokers' jealously guarded system of fixed minimum commission rates -which now range from $6 to $75 for every 100 shares traded, depending on price-and letting every broker charge whatever he can persuade customers...
...Discount House. Such problems have a common cause: the mark is greatly undervalued in comparison with the inflation-weakened moneys of Germany's trading partners. This disparity has turned Germany into a heavily patronized discount store for the rest of the world. By recent estimates of the German Bundesbank, Germany's goods now cost an average of 7½% less than those of its major trading partners. Since the difference is even greater between German and U.S. products, it is hardly surprising that German exports to the U.S. climbed 38% last year. As the world's most...