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But such "downcycling" tends to be much less profitable than genuine recycling, and much more vulnerable to price swings.
Hence, as ARIM grows in popularity and becomes more liquid, we will expect the brokerage model to be much less profitable.
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And in spite of the fact that convenience stores charge higher prices than larger shops, they are much less profitable due to their high operating costs.
Short trips around tourist destinations are lucrative; trips to more remote areas, or on congested commuter routes, are much less profitable.
The rise of illicit file-sharing and single-track downloading, which is much less profitable than selling albums, has prodded musicians to tour more often and raise ticket prices.
Third, as governments try to meet their carbon-reduction targets they are tightening emissions standards and penalising vehicles with big engines.The problem with small cars, from the industry's perspective, is that they are much less profitable.
Both Janus and Henderson face the challenge of a shift away from expensive "active" fund management towards low-cost index management, where funds track market indices but are much less profitable for fund groups.
Routine maintenance work causes continual delays.Not only connectBooz Allen observes that connecting traffic is much less profitable than what the industry calls "origin-destination" (OD) traffic, which is passengers simply going from A to B. Its analysis of America's domestic market suggests that OD traffic is 1.6 to 2 times more profitable.
The latest suit, filed in late December, asks America's International Trade Commission to ban various Apple products, including the iPhone, from entering the country.Nokia beats Apple in annual sales ($57 billion versus $37 billion) and market share in smart-phones (39% versus 17%), but it is much less profitable.
The Westinghouse stations are much less profitable than the stations owned by ABC and NBC, and things dont seem to be getting any better.
Although in the southwest Glasgow was beginning to develop and Ayr and Kirkcudbright had occasional links with Spain and France, sea trade with Ireland was much less profitable.
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