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… 3. "Money spent for beer should be spent for food, clothing, and other essential consumer goods".
His influential business philosophy, which called for the production of essential consumer goods in abundance at the lowest possible prices, was widely adopted in the egalitarian, consumer-oriented society that emerged in Japan in the second half of the 20th century.
During an abnormal disruption of the market, all parties within the chain of distribution of any essential consumer goods or services are prohibited from charging "unconscionably excessive prices".
Procter & Gamble reported an 18% earnings decline for its fiscal fourth quarter, showing that even makers of essential consumer goods are not immune from the impact of the recession.
Inflation has hit annual rates of more than 60%, and the country has faced an increasing shortage of essential consumer goods like milk and toilet paper.
Similar(55)
Low price levels, maximum utility, good quality, and simple, clear forms were considered essentials of well-designed consumer goods.
Out of stock rates were generally higher and more variable for essential health products than for consumer goods -- and the levels of out of stock rates were unacceptably high.
They spend the highest percentage of their income on consumer goods and thus are essential to our fragile economic recovery.
Rapid and accurate identification of consumer demands and systematic assessment of product quality are essential to success for new product development, in particular for fast moving consumer goods such as food and drink products.
Challenge of consumer goods".
Consumer goods were scarce.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com