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An Oligopolistic firm also fears the price-cutting reaction of its rivals if it reduces prices, goes the Hall, Hitch, and Sweezy theory of the Kinked Demand Curve. If it were to raise prices, its rivals may not follow suit, thus undermining its market share.
Little by little I grew to know something of his beginnings and his hopes of his mother, who had been a school-teacher in one of the northern counties, and of his red-headed father, a small job-master at Kirby Moors, who died when he was a child; of the examinations he had passed and of their exceeding and increasing difficulty; of his dreams of a shop in London; of his hate for the price-cutting Co-operative stores; and, most interesting, of his mental attitude towards customers.
Many other examples, including such important products as bromine, oxalic acid, and aniline, could be quoted to show the results of the German price-cutting policy. The direct significance of bromine for chemical warfare must be borne in mind. Full Line Forcing.
Its marketing department gave it an unenviable reputation, but achieved amazing success. The department was organized to cover the country, find out everything possible about competitors, and then kill them off by price-cutting or other means. The great resources of the Company enabled it to undersell rivals, going below cost if necessary, and thus wearing out opposition.
The causes of said difficulties were bad trade, unfair competition, and price-cutting at home and abroad, especially in Germany, and the modern spirit of unrest among the working-classes making it impossible for an employer to be master on his own works. I was not insolvent, but I needed capital, the life-blood of industry.
This information laid the foundation for those price-cutting campaigns that have brought the name of the Standard Oil into such disfavor. And when the Standard cut, it cut to kill; the only purpose was to drive the competitor from the field, and, when this had been accomplished, the price of oil would promptly go up again.
This would constitute a formidable weapon in any price-cutting campaigns entered upon by the I.G. in order to preserve her various monopolies. We learn from the Colour Trade Journal of August, 1920, that the German Government has advanced something over ten million pounds for the construction and operation of the Haber plant. The New German Dye Combine.
After various attempts to establish the dye industry, it seemed, at one time, about 1880, to have definitely taken root, but, within the space of five years, there were only four dye producing establishments remaining. German Price-cutting; Salicylic Acid. In every instance the manufacture was almost immediately brought to an end by German price-cutting.
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