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Loss Leader
A loss leader (also leader) is a pricing strategy where a product is sold at a price below its market cost to stimulate other sales of more profitable goods or services. With this sales promotion/marketing strategy, a "leader" is any popular article, i.e., sold at a low price to attract customers. One use of a loss leader is to draw customers into a store where they are likely to buy other goods. The vendor expects that the typical customer will purchase other items at the same time as the loss leader and that the profit made on these items will be such that an overall profit is generated for the vendor. "Loss lead" is an item offered for sale at a reduced price that is intended to "lead" to the subsequent sale of other services or items. The loss leader is offered at a price below its minimum profit margin—not necessarily below cost. The firm tries to maintain a current analysis of its accounts for both the loss lead and the associated items, so it can monitor how well the sche ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Pricing Strategies
A business can use a variety of pricing strategies when selling a product or service. To determine the most effective pricing strategy for a company, senior executives need to first identify the company's pricing position, pricing segment, pricing capability and their competitive pricing reaction strategy. Pricing strategies, tactics and roles vary from company to company, and also differ across countries, cultures, industries and over time, with the maturing of industries and markets and changes in wider economic conditions. Pricing strategies determine the price companies set for their products. The price can be set to maximize profitability for each unit sold or from the market overall. It can also be used to defend an existing market from new entrants, to increase market share within a market or to enter a new market. Pricing strategies can bring both competitive advantages and disadvantages to its firm and often dictate the success or failure of a business; thus, it is cruci ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Miriam Makeba
Zenzile Miriam Makeba ( , ; 4 March 1932 – 9 November 2008), nicknamed Mama Africa, was a South African singer, songwriter, actress, and civil rights activist. Associated with musical genres including African popular music, Afropop, jazz, and world music, she was an advocate against apartheid and white-minority government in South Africa. Born in Johannesburg to Swazi people, Swazi and Xhosa people, Xhosa parents, Makeba was forced to find employment as a child after the death of her father. She had a brief and allegedly abusive first marriage at the age of 17, gave birth to her only child in 1950, and survived breast cancer. Her vocal talent had been recognized when she was a child, and she began singing professionally in the 1950s, with the Cuban Brothers, the Manhattan Brothers, and an all-woman group, the Skylarks (South African vocal group), the Skylarks, performing a mixture of jazz, traditional African melodies, and Western popular music. In 1959, Makeba had a br ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Costco
Costco Wholesale Corporation is an American multinational corporation which operates a chain of membership-only big-box warehouse club retail stores. As of 2021, Costco is the third-largest retailer in the world, and as of August 2024, Costco is the world's largest retailer of beef, poultry, organic produce, and wine, with just under a third of American consumers regularly shopping at Costco warehouses. This article states that FedMart "became" Costco, which is incorrect. Sol Price founded Price Club after leaving FedMart. Costco is ranked #11 on the ''Fortune'' 500 rankings of the largest United States corporations by total revenue. Costco originally began with a wholesale business model aimed at enrolling businesses as members, then also began to enroll individual consumers and sell products intended for them, including its own private label brand. Costco's worldwide headquarters are in Issaquah, Washington, an eastern suburb of Seattle, although its Kirkland Signat ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Milk
Milk is a white liquid food produced by the mammary glands of lactating mammals. It is the primary source of nutrition for young mammals (including breastfeeding, breastfed human infants) before they are able to digestion, digest solid food. Milk contains many nutrients, including calcium and protein, as well as lactose and saturated fat; the enzyme lactase is needed to break down lactose. Immune factors and immune-modulating components in milk contribute to milk immunity. The first milk, which is called colostrum, contains antibody, antibodies and immune-modulating components that milk immunity, strengthen the immune system against many diseases. As an agricultural product, Milking, milk is collected from farm animals, mostly cattle, on a dairy. It is used by humans as a drink and as the base ingredient for dairy products. The US Centers for Disease Control and Prevention, CDC recommends that children over the age of 12 months (the minimum age to stop giving breast milk or Ba ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Banana
A banana is an elongated, edible fruit – botanically a berry – produced by several kinds of large treelike herbaceous flowering plants in the genus '' Musa''. In some countries, cooking bananas are called plantains, distinguishing them from dessert bananas. The fruit is variable in size, color and firmness, but is usually elongated and curved, with soft flesh rich in starch covered with a peel, which may have a variety of colors when ripe. It grows upward in clusters near the top of the plant. Almost all modern edible seedless ( parthenocarp) cultivated bananas come from two wild species – '' Musa acuminata'' and ''Musa balbisiana'', or hybrids of them. ''Musa'' species are native to tropical Indomalaya and Australia; they were probably domesticated in New Guinea. They are grown in 135 countries, primarily for their fruit, and to a lesser extent to make banana paper and textiles, while some are grown as ornamental plants. The world's largest producers of bananas ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Supermarket
A supermarket is a self-service Retail#Types of outlets, shop offering a wide variety of food, Drink, beverages and Household goods, household products, organized into sections. Strictly speaking, a supermarket is larger and has a wider selection than earlier grocery stores, but is smaller and more limited in the range of merchandise than a hypermarket or Big-box store, big-box market. In everyday American English usage, however, "grocery store" is often casually used as a synonym for "supermarket". The supermarket retail format first appeared around 1930 in the United States as the culmination of almost two decades of retail innovations, and began to spread to other countries after extensive worldwide publicity in 1956. The supermarket typically has places for fresh meat, fresh produce, Dairy product, dairy, Delicatessen, deli items, baked goods, and similar foodstuffs. Shelf space is also reserved for canned and packaged goods and for various non-food items such as kitchenwa ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Ford Popular
The Ford Popular, often called the Ford Pop, is a car from Ford UK that was built in England between 1953 and 1962. When launched, it was Britain's lowest priced car. The name Popular was also used by Ford to describe its 1930s Y Type model. The Popular name was also later used on basic models of the Escort and Fiesta cars. __TOC__ Ford Popular 103E When production of the older Ford Anglia and Ford Prefect was stopped in 1953 the Popular was developed as a budget alternative, based on the old, pre-war style E494A Anglia. The E494A was, in turn, a facelift of the Anglia E04A, which was a facelifted version of the 7Y, itself a rebodied Model Y. Thus through several adjustments, updates and name changes, a design with provenance dating back to 1932 was produced by Ford for 27 years. It was powered by a Ford Sidevalve 1172 cc, , four-cylinder engine. The car was very basic. It had a single vacuum-powered wiper, no heater, vinyl trim, and very little chrome; even the bumper ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Ford Anglia
The Ford Anglia is a small family car that was designed and manufactured by Ford UK. It is related to the Ford Prefect and the later Ford Popular. The Anglia name was applied to various models between 1939 and 1967. In total, 1,594,486 Anglias were produced. It was replaced by the Ford Escort. Unique variants of the Anglia were produced by Ford Australia and by the Italian subsidiary of Ford. Anglia E04A (1939–1948) The first Ford Anglia model, the E04A, was released on 31 October 1939 as the smallest model in the UK Ford range. It replaced the Ford 7Y and was a facelift of that model. The Anglia was a simple vehicle aimed at the affordable end of the market, with few features. Most were painted Ford black. Styling was typically late-1930s, with an upright radiator. Standard and deluxe models were available, with the latter having better instrumentation, and on prewar models, running boards. Both front and rear suspensions used transverse leaf springs, and the br ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Mini
The Mini is a very small two-door, four-seat car, produced for four decades over a single generation, with many names and variants, by the British Motor Corporation (BMC) and its successors British Leyland and the Rover Group, and finally (briefly) under BMW ownnership. Minis were built as fastbacks, estates, convertibles, and various other body styles. Minus a brief 1990s hiatus, from 1959 into 2000, an estimated 5.38 million of all variations combined were built,, and the Mini's engines also powered another 2 million Mini Metros, though the Mini eventually outlasted its successor. Initially, the Mini was marketed under the Austin and Morris names, as the Austin Seven and Morris Mini-Minor;Austin Seven – Mini, www.austinmemories.com Retrieved on 16 June 2013 the A ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
British Motor Corporation
The British Motor Corporation Limited (BMC) was a United Kingdom, UK-based vehicle manufacturer formed in early 1952 to give effect to an agreed merger of the Morris Motors, Morris and Austin Motor Company, Austin businesses.Morris-Austin Merger Company Named. ''The Times'', Friday, 29 February 1952; pg. 9; Issue 52248 BMC acquired the shares in Morris Motors and the Austin Motor Company. Morris Motors, the holding company of the productive businesses of the Nuffield Organization, owned MG Cars, MG, Riley Motor, Riley, and Wolseley Motors, Wolseley. The agreed exchange of shares in Morris or Austin for shares in the new holding company, BMC, became effective in mid-April 1952. In September 1965, BMC took control of its major supplier of bodies, Pressed Steel Company, Pressed Steel, acquiring Jaguar Cars, Jaguar's body supplier in the process. In September 1966, BMC merged with Jaguar Cars. In December 1966, BMC changed its name to British Motor Holdings, British Motor Holdings ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Videocassette Recorder
A videocassette recorder (VCR) or video recorder is an electromechanical device that records analog audio and analog video from broadcast television or other AV sources and can play back the recording after rewinding. The use of a VCR to record a television program to play back at a more convenient time is commonly referred to as ''time shifting''. VCRs can also play back prerecorded tapes, which were widely available for purchase and rental starting in the 80s and 90s, most popularly in the VHS videocassette format. Blank tapes were sold to make recordings. VCRs declined in popularity during the 2000s and in 2016, Funai Electric, the last remaining manufacturer, ceased production. History Early machines and formats The history of the videocassette recorder follows the history of videotape recording in general. Ampex introduced the quadruplex videotape professional broadcast standard format with its Ampex VRX-1000 in 1956. It became the world's first commercially succe ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Madman Muntz
Earl William "Madman" Muntz (January 3, 1914 – June 21, 1987) was an American businessman and engineer who sold and promoted cars and consumer electronics in the United States from the 1930s until his death in 1987. He was a pioneer in television commercials with his oddball "Madman" persona; an alter ego who generated publicity with his unusual costumes, stunts, and outrageous claims. Muntz also pioneered car stereos by creating the Muntz Stereo-Pak, better known as the 4-track cartridge, a predecessor to the 8-track cartridge developed by Lear Industries. He invented the practice that came to be known as Muntzing, which involved simplifying otherwise complicated electronic devices. Muntz produced and marketed the first black-and-white television receivers to sell for less than $100, and created one of the earliest functional widescreen projection TVs. He was credited with coining the abbreviation "TV" for ''television'', although the term had earlier been in use in call le ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
