Aurora Plastics Corporation
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Aurora Plastics Corporation
The Aurora Plastics Corporation was an American toy and hobby manufacturing company. It is known primarily for its production of plastic scale models of cars, airplanes, and TV and movie figures in the 1960s. Its principal competition in modeling were various other plastic modeling firms like Revell and Monogram. Established in 1950, the company was first sold in 1969, being then acquired by other firms until then-parent company Dunbee-Combex-Marx ceased operations in 1980. Since then, the Giammarino family have tried to reintroduce the Aurora brand, but their attempts never carried out. History Aurora Plastics Corporation was founded in March 1950 by engineer Joseph E. Giammarino (1916–1992) and businessman Abe Shikes (1908–1986) in Brooklyn, New York (moving to West Hempstead, Long Island in 1954), as a contract manufacturer of injection molded plastics. With the hiring in 1952 of salesman John Cuomo (1901–1971), the company began the manufacture of its own line of ...
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Privately Held Company
A privately held company (or simply a private company) is a company whose shares and related rights or obligations are not offered for public subscription or publicly negotiated in the respective listed markets, but rather the company's stock is offered, owned, traded, exchanged privately, or Over-the-counter (finance), over-the-counter. In the case of a closed corporation, there are a relatively small number of shareholders or company members. Related terms are closely-held corporation, unquoted company, and unlisted company. Though less visible than their public company, publicly traded counterparts, private companies have major importance in the world's economy. In 2008, the 441 list of largest private non-governmental companies by revenue, largest private companies in the United States accounted for ($1.8 trillion) in revenues and employed 6.2 million people, according to ''Forbes''. In 2005, using a substantially smaller pool size (22.7%) for comparison, the 339 companies on ...
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Monogram Models
Monogram is an American brand and former manufacturing company of scale plastic models of cars, aircraft, spacecraft, ships, and military vehicles since the early 1950s. The company was formed by two former employees of Comet Kits, Jack Besser and Bob Reder. Mattel acquired Monogram in 1968, and the firm passed through various owners and was merged with Revell, the combined company being bought by Hobbico in 2007. Along with Revell, AMT, and MPC, Monogram is sometimes called one of the traditional "Big 4" in plastic modeling. History Monogram was founded in Chicago in 1945, making balsa wood model kits of ships and airplanes. Seaships such as the USS ''Missouri'' battleship, the USS ''Shangri-La'' carrier and the USS ''Hobby'' destroyer were among the first products. Meanwhile, a company called Revell started making plastic kits in 1953, and Monogram responded with "All Plastic" "Plastikits" the first of which were a red plastic midget racer and a "Hot Rod" Model A - and th ...
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Lockheed F-90
The Lockheed XF-90 was built in response to a United States Air Force requirement for a long-range penetration fighter and bomber escort. The same requirement produced the McDonnell XF-88 Voodoo. Lockheed received a contract for two prototype XP-90s (redesignated XF-90 in 1948). The design was developed by Willis Hawkins and the Skunk Works team under Kelly Johnson. Two prototypes were built ( s/n ''46-687'' and ''-688''). Developmental and political difficulties delayed the first flight until 3 June 1949, with Chief Test Pilot Tony LeVier at the controls. Embodying the experience gained in developing the P-80 Shooting Star, the XF-90 shared some design traits with the older Lockheed fighter, albeit with swept-wings; however, this latter design choice could not sufficiently make up for the project’s underpowered engines,Jones 1975, p. 241. and the XF-90 never entered production. Design and development In response to a 1945 Army request for an advanced jet fighter, Lockhee ...
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F9F Panther
The Grumman F9F Panther is one of the United States Navy's first successful carrier-based jet fighters, as well as Grumman’s first jet fighter. A single-engined, straight-winged day fighter, it was armed with four cannons and could carry a wide assortment of air-to-ground munitions. The Panther was used extensively by the U.S. Navy and Marine Corps in the Korean War. It was also the first jet aircraft used by the Blue Angels aerobatics demonstration team, from 1949 through late 1954. The aircraft was exported to Argentina and was the first jet used by the Argentine Naval Aviation. Total F9F production was 1,382. The design evolved into the swept wing Grumman F-9 Cougar. Design and development Development studies at Grumman for jet-powered fighter aircraft began near the end of World War II as the first jet engines emerged. In a competition for a jet-powered night fighter for the United States Navy, on 3 April 1946 the Douglas F3D Skyknight was selected over Grumman's G- ...
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Price Point
Price points are prices at which demand for a given product is supposed to stay relatively high. Characteristics Introductory microeconomics depicts a demand curve as downward-sloping to the right and either linear or gently convex to the origin. The downwards slope generally holds, but the model of the curve is only piecewise true, as price surveys indicate that demand for a product is not a linear function of its price and not even a smooth function. Demand curves resemble a series of waves rather than a straight line. The diagram shows price points at the points labeled A, B, and C. When a vendor increases a price beyond a price point (say to a price slightly above ''price point B''), sales volume decreases by an amount more than proportional to the price increase. This decrease in quantity-demanded more than offsets the additional revenue from the increased unit-price. As a result, total revenue (price multiplied by quantity-demanded) decreases when a firm raises its price ...
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Demographic
Demography () is the statistical study of populations, especially human beings. Demographic analysis examines and measures the dimensions and dynamics of populations; it can cover whole societies or groups defined by criteria such as education, nationality, religion, and ethnicity. Educational institutions usually treat demography as a field of sociology, though there are a number of independent demography departments. These methods have primarily been developed to study human populations, but are extended to a variety of areas where researchers want to know how populations of social actors can change across time through processes of birth, death, and migration. In the context of human biological populations, demographic analysis uses administrative records to develop an independent estimate of the population. Demographic analysis estimates are often considered a reliable standard for judging the accuracy of the census information gathered at any time. In the labor ...
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Monogram Models
Monogram is an American brand and former manufacturing company of scale plastic models of cars, aircraft, spacecraft, ships, and military vehicles since the early 1950s. The company was formed by two former employees of Comet Kits, Jack Besser and Bob Reder. Mattel acquired Monogram in 1968, and the firm passed through various owners and was merged with Revell, the combined company being bought by Hobbico in 2007. Along with Revell, AMT, and MPC, Monogram is sometimes called one of the traditional "Big 4" in plastic modeling. History Monogram was founded in Chicago in 1945, making balsa wood model kits of ships and airplanes. Seaships such as the USS ''Missouri'' battleship, the USS ''Shangri-La'' carrier and the USS ''Hobby'' destroyer were among the first products. Meanwhile, a company called Revell started making plastic kits in 1953, and Monogram responded with "All Plastic" "Plastikits" the first of which were a red plastic midget racer and a "Hot Rod" Model A - and th ...
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Product Lining
In marketing jargon, product lining refers to the offering of several related products for individual sale. Unlike product bundling, where several products are combined into one group, which is then offered for sale as a units, product lining involves offering the products for sale separately. A line can comprise related products of various sizes, types, colors, qualities, or prices. ''Line depth'' refers to the number of subcategories under a category. ''Line consistency'' refers to how closely related the products that make up the line are. ''Line vulnerability'' refers to the percentage of sales or profits that are derived from only a few products in the line. In comparison to product bundling, which is a strategy of offering more than one product for promotion as one combined item to create differentiation and greater value, product lining consists of selling different related products individually. The products in the product line can come in various sizes, colours, qualiti ...
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Salesperson
Sales are activities related to selling or the number of goods sold in a given targeted time period. The delivery of a service for a cost is also considered a sale. The seller, or the provider of the goods or services, completes a sale in response to an acquisition, appropriation, requisition, or a direct interaction with the ''buyer'' at the point of sale. There is a passing of title (property or ownership) of the item, and the settlement of a price, in which agreement is reached on a price for which transfer of ownership of the item will occur. The ''seller'', not the purchaser, typically executes the sale and it may be completed prior to the obligation of payment. In the case of indirect interaction, a person who sells goods or service on behalf of the owner is known as a salesman or saleswoman or salesperson, but this often refers to someone selling goods in a store/shop, in which case other terms are also common, including '' salesclerk'', ''shop assistant'', and ''re ...
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Injection Molding
Injection moulding (U.S. spelling: injection molding) is a manufacturing process for producing parts by injecting molten material into a mould, or mold. Injection moulding can be performed with a host of materials mainly including metals (for which the process is called die-casting), glasses, elastomers, confections, and most commonly thermoplastic and thermosetting polymers. Material for the part is fed into a heated barrel, mixed (using a helical screw), and injected into a mould cavity, where it cools and hardens to the configuration of the cavity. After a product is designed, usually by an industrial designer or an engineer, moulds are made by a mould-maker (or toolmaker) from metal, usually either steel or aluminium, and precision-machined to form the features of the desired part. Injection moulding is widely used for manufacturing a variety of parts, from the smallest components to entire body panels of cars. Advances in 3D printing technology, using photopolymers that ...
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Contract
A contract is a legally enforceable agreement between two or more parties that creates, defines, and governs mutual rights and obligations between them. A contract typically involves the transfer of goods, services, money, or a promise to transfer any of those at a future date. In the event of a breach of contract, the injured party may seek judicial remedies such as damages or rescission. Contract law, the field of the law of obligations concerned with contracts, is based on the principle that agreements must be honoured. Contract law, like other areas of private law, varies between jurisdictions. The various systems of contract law can broadly be split between common law jurisdictions, civil law jurisdictions, and mixed law jurisdictions which combine elements of both common and civil law. Common law jurisdictions typically require contracts to include consideration in order to be valid, whereas civil and most mixed law jurisdictions solely require a meeting of the mind ...
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Long Island
Long Island is a densely populated island in the southeastern region of the U.S. state of New York (state), New York, part of the New York metropolitan area. With over 8 million people, Long Island is the most populous island in the United States and the List of islands by population, 18th-most populous in the world. The island begins at New York Harbor approximately east of Manhattan Island and extends eastward about into the Atlantic Ocean and 23 miles wide at its most distant points. The island comprises four List of counties in New York, counties: Kings and Queens counties (the New York City Borough (New York City), boroughs of Brooklyn and Queens, respectively) and Nassau County, New York, Nassau County share the western third of the island, while Suffolk County, New York, Suffolk County occupies the eastern two thirds of the island. More than half of New York City's residents (58.4%) lived on Long Island as of 2020, in Brooklyn and in Queens. Culturally, many people in t ...
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