J.B. Nethercutt
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J.B. Nethercutt
Jack Boison Nethercutt (October 11, 1913 – December 6, 2004) was an American entrepreneur and car collector. He co-founded Merle Norman Cosmetics in 1931 with his aunt Merle Norman and started as a delivery peddler for her early products, later ascending to the positions of chairman and chief executive officer of the company. He also served as a board member of the Personal Care Products Council trade association and was President of the California Cosmetics Association. Nethercutt used his wealth to assemble one of the world's greatest car collections over a period of 48 years, which would become known as the Nethercutt Collection. With his cars, he won a record six Best of Show titles at the pinnacle Pebble Beach Concours d'Elegance and is considered to be the greatest car restorer of all time. Early life and education Nethercutt was born in South Bend, Indiana, United States, to Carl and Florence Nethercutt with two other siblings. At the age of 9, his mother died and he ...
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South Bend, Indiana
South Bend is a city in and the county seat of St. Joseph County, Indiana, St. Joseph County, Indiana, on the St. Joseph River (Lake Michigan), St. Joseph River near its southernmost bend, from which it derives its name. As of the 2020 United States Census, 2020 census, the city had a total of 103,453 residents and is the List of cities in Indiana, fourth-largest city in Indiana. The South Bend-Mishawaka metropolitan area, metropolitan area had a population of 324,501 in 2020, while its combined statistical area had 812,199. The city is located just south of Indiana's border with Michigan. The area was settled in the early 19th century by fur traders and was established as a city in 1865. The St. Joseph River shaped South Bend's economy through the mid-20th century. River access assisted heavy industrial development such as that of the Studebaker, Studebaker Corporation, the Oliver Corporation, Oliver Chilled Plow Company, and other large corporations. The population of South B ...
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Franchising
Franchising is based on a marketing concept which can be adopted by an organization as a strategy for business expansion. Where implemented, a franchisor licenses some or all of its know-how, procedures, intellectual property, use of its business model, brand, and rights to sell its branded products and services to a franchisee. In return, the franchisee pays certain fees and agrees to comply with certain obligations, typically set out in a franchise agreement. The word ''franchise'' is of Anglo-French derivation—from , meaning 'free'—and is used both as a noun and as a (transitive) verb. For the franchisor, use of a franchise system is an alternative business growth strategy, compared to expansion through corporate owned outlets or "chain stores". Adopting a franchise system business growth strategy for the sale and distribution of goods and services minimizes the franchisor's capital investment and liability risk. Franchising is rarely an equal partnership, especially in ...
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Land Lot
In real estate, a lot or plot is a tract or parcel of land owned or meant to be owned by some owner(s). A plot is essentially considered a parcel of real property in some countries or immovable property (meaning practically the same thing) in other countries. Possible owner(s) of a plot can be one or more person(s) or another legal entity, such as a company/corporation, organization, government, or trust. A common form of ownership of a plot is called fee simple in some countries. A small area of land that is empty except for a paved surface or similar improvement, typically all used for the same purpose or in the same state is also often called a plot. Examples are a paved car park or a cultivated garden plot. This article covers plots (more commonly called lots in some countries) as defined parcels of land meant to be owned as units by an owner(s). Like most other types of property, lots or plots owned by private parties are subject to a periodic property tax payable by th ...
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Preservation And Restoration Of Automobiles
Conservation and restoration of road vehicles is the process of restoring a vehicle back to its original working condition, whether the car is partially scrapped or completely totaled. Automotive restoration can be applied to many different eras of the automobile. Bus preservation groups aim to purchase buses of various eras to restore them to their original operating condition. Buses are often restored to the original authentic livery of their original owner. Restoration means removing, replacing, or repairing the parts of a vehicle, while preservation means keeping the original components. Though automotive restoration is commonly defined as the reconditioning of a vehicle "from original condition in an effort to return it to like-new or better condition," There are many styles of which a vehicle can be restored, any of which can be performed at the discretion, desire, or taste of a vehicle owner or restorer. There are different levels of automotive repair. The highest qual ...
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DuPont (1802–2017)
DuPont de Nemours, Inc., commonly shortened to DuPont, is an American multinational chemical company first formed in 1802 by French-American chemist and industrialist Éleuthère Irénée du Pont de Nemours. The company played a major role in the development of Delaware and first arose as a major supplier of gunpowder. DuPont developed many polymers such as Vespel, neoprene, nylon, Corian, Teflon, Mylar, Kapton, Kevlar, Zemdrain, M5 fiber, Nomex, Tyvek, Sorona, Corfam and Lycra in the 20th century, and its scientists developed many chemicals, most notably Freon (chlorofluorocarbons), for the refrigerant industry. It also developed synthetic pigments and paints including ChromaFlair. In 2015, DuPont and the Dow Chemical Company agreed to a reorganization plan in which the two companies would merge and split into three. As a merged entity, DuPont simultaneously acquired Dow and renamed itself to DowDuPont on August 31, 2017, and after 18 months spin off the merged entity's ma ...
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Duesenberg
Duesenberg Automobile and Motors Company, Inc. was an American race car, racing and luxury car, luxury automobile manufacturer founded in Indianapolis, Indiana, by brothers Fred Duesenberg, Fred and August Duesenberg in 1920. The company is known for popularizing the straight-eight engine and four-wheel hydraulic brakes. A Duesenberg car was the first American car to win a Grand Prix race, winning the 1921 French Grand Prix. Duesenbergs won the Indianapolis 500 in 1924, 1925, and 1927. Transportation executive Errett Lobban Cord acquired the Duesenberg corporation in 1926. The company was sold and dissolved in 1937. History Fred Duesenberg, Fred and August Duesenberg began designing engines in the early 1900s after Fred became involved with bicycle racing. The brothers designed a vehicle in 1905 and in 1906, formed the Mason Motor Car Company with funds from lawyer Edward R. Mason in Des Moines, Iowa. Frederick Louis Maytag I, F.L. and Elmer Henry Maytag, Elmer Maytag acqu ...
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Franchise 500
The Franchise 500 is an annual ranking of the top 500 franchising companies in the U.S. and Canada, compiled by ''Entrepreneur'' magazine through a submission and review process. The ranking is based on an evaluation of each company's costs and fees, size and growth, franchisee support, brand strength, and financial strength and stability. The list includes both public and privately held companies, and has been published annually since 1980. Qualifications Each company that applies for the Franchise 500 through the online submission form is required to submit a copy of its current Franchise Disclosure Document and other supporting documents in order to verify the information submitted. All qualifying applicants are scored by Entrepreneur's proprietary formula, which evaluates franchise companies based on more than 150 data points across five pillars: costs and fees, size and growth, support, financial strength and stability, and brand strength. The 500 top-scoring companies bec ...
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Entrepreneur (magazine)
''Entrepreneur'' is an American magazine and website that carries news stories about entrepreneurship, small business management, and business. The magazine was first published in 1977. It is published by ''Entrepreneur Media Inc''., headquartered in Irvine, California. The magazine publishes 10 issues annually, available through subscription and on newsstands. It is or has been published under license internationally in Mexico, Russia, India, Hungary, the Philippines, South Africa, and others. Its editor-in-chief is Jason Feifer and its owner is Peter Shea. History Every year since 1979, ''Entrepreneur'' has published a list of its top 500 franchise companies. The magazine also published many other lists and awards, one of the most prominent being the Entrepreneur 360 formed to identify businesses mastering the art and science of growing a business. Companies are evaluated based on the analysis of 50-plus data points organized into five pillars: Revenue and Customers, Managemen ...
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Word-of-mouth Marketing
Word-of-mouth marketing (WOMM, WOM marketing, also called word of mouth advertising) differs from naturally occurring word of mouth, in that it is actively influenced or encouraged by organizations (e.g. 'seeding' a message in a networks rewarding regular consumers to engage in WOM, employing WOM 'agents'). While it is difficult to truly control WOM, research has shown that there are three generic avenues to 'manage' WOM for the purpose of WOMM: * build a strong WOM foundation (e.g. sufficient levels of satisfaction, trust and commitment), * indirect WOMM management which implies that managers only have a moderate amount of control (e.g. controversial advertising, teaser campaigns, customer membership clubs), * direct WOMM management, which has higher levels of control (e.g. paid WOM 'agents', "friend get friend" schemes). The success of word-of-mouth marketing depends largely on the nature of the rewards that are used. Research has shown that when the wrong incentives are use ...
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People (magazine)
''People'' is an American weekly magazine that specializes in celebrity news and human-interest stories. It is published by Dotdash Meredith, a subsidiary of IAC. With a readership of 46.6 million adults in 2009, ''People'' had the largest audience of any American magazine, but it fell to second place in 2018 after its readership significantly declined to 35.9 million. ''People'' had $997 million in advertising revenue in 2011, the highest advertising revenue of any American magazine. In 2006, it had a circulation of 3.75 million and revenue expected to top $1.5 billion. It was named "Magazine of the Year" by ''Advertising Age'' in October 2005, for excellence in editorial, circulation, and advertising.Martha Nelson Named Editor, The People Group
, a January 2006 ...
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NYSE American
NYSE American, formerly known as the American Stock Exchange (AMEX), and more recently as NYSE MKT, is an American stock exchange situated in New York City. AMEX was previously a mutual organization, owned by its members. Until 1953, it was known as the New York Curb Exchange. NYSE Euronext acquired AMEX on October 1, 2008, with AMEX integrated with the Alternext European small-cap exchange and renamed the NYSE Alternext U.S. In March 2009, NYSE Alternext U.S. was changed to NYSE Amex Equities. On May 10, 2012, NYSE Amex Equities changed its name to NYSE MKT LLC. Following the SEC approval of competing stock exchange IEX in 2016, NYSE MKT rebranded as NYSE American and introduced a 350-microsecond delay in trading, referred to as a "speed bump", which is also present on the IEX. History The Curb market The exchange grew out of the loosely organized curb market of curbstone brokers on Broad Street in Manhattan. Efforts to organize and standardize the market started early in ...
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Public Company
A public company is a company whose ownership is organized via shares of stock which are intended to be freely traded on a stock exchange or in over-the-counter markets. A public (publicly traded) company can be listed on a stock exchange (listed company), which facilitates the trade of shares, or not (unlisted public company). In some jurisdictions, public companies over a certain size must be listed on an exchange. In most cases, public companies are ''private'' enterprises in the ''private'' sector, and "public" emphasizes their reporting and trading on the public markets. Public companies are formed within the legal systems of particular states, and therefore have associations and formal designations which are distinct and separate in the polity in which they reside. In the United States, for example, a public company is usually a type of corporation (though a corporation need not be a public company), in the United Kingdom it is usually a public limited company (plc), i ...
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