1. Industry Shoots the Works to Spur Sales.
- Subjects
BUSINESS ,EXCESS profits tax ,ECONOMIC competition ,RESEARCH & development ,DIVERSIFICATION in industry - Abstract
The article discusses business trends in the U.S. as of May 1954. It states that although the excess-profits tax has been lifted, growing competition has had a negative impact on overall sales for most businesses. To remain viable, it reports that companies have begun investing into research and development to expand their product lines, or have begun diversifying into other items and services. Cited products deemed to succeed in 1954 include air conditioning, three dimensional cameras and automated industrial equipment.
- Published
- 1954