Auto Salesman
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Auto Salesman
The automobile salesperson is one of many sales professions. The automobile salesman is a retail salesperson, who sells new or used cars. Unlike traditional retail sales, car sales are sometimes negotiable. Salesmen are employed by new car dealerships or used car dealerships. Car negotiation The price of a car, unlike many retail sales, is often negotiable. New cars will often have a factory window sticker (Monroney sticker in the US) listing equipment and options, and the suggested retail price or MSRP. The salesman is traditionally paid a commission rather than a fixed salary, usually based on a combination of profit margin and unit volume. Popular culture The automobile salesman, particularly the used car salesman, has often been a source of characters, often negative, in movies, television shows, and cartoons. History and fairy tales often characterize peddlers (people selling goods) as negative influences, or outsiders out to take advantage of people. Such salesmen are ...
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1955 Mercury Montclair Convertible
Events January * January 3 – José Ramón Guizado becomes president of Panama. * January 17 – , the first nuclear-powered submarine, puts to sea for the first time, from Groton, Connecticut. * January 18– 20 – Battle of Yijiangshan Islands: The Chinese Communist People's Liberation Army seizes the islands from the Republic of China (Taiwan). * January 22 – In the United States, The Pentagon announces a plan to develop intercontinental ballistic missiles (ICBMs), armed with nuclear weapons. * January 23 – The Sutton Coldfield rail crash kills 17, near Birmingham, England. * January 25 – The Presidium of the Supreme Soviet of the Soviet Union announces the end of the war between the USSR and Germany, which began during World War II in 1941. * January 28 – The United States Congress authorizes President Dwight D. Eisenhower to use force to protect Formosa from the People's Republic of China. February * February 10 – The United States Seventh Fleet ...
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Car Dealership
A car dealership, or car dealer, is a business that sells new or used cars, at the retail level, based on a dealership contract with an automaker or its sales subsidiary. Car dealerships also often sell spare parts and automotive maintenance services. History of car dealerships in the United States The early cars were sold by automakers to customers directly or through a variety of channels, including mail order, department stores, and traveling representatives. For example, Sears made its first attempt at selling a gasoline-engined chain-drive high-wheeler in 1908 through its mail-order catalog and starting in 1951 the Allstate through select its stores and the catalog. The first dealership in the United States was established in 1898 by William E. Metzger. Today, direct sales by an automaker to consumers are limited by most states in the U.S. through franchise laws that require new cars to be sold only by licensed and bonded, independently owned dealerships. The first ...
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Used Car
A used car, a pre-owned vehicle, or a secondhand car, is a vehicle that has previously had one or more retail owners. Used cars are sold through a variety of outlets, including franchise and independent car dealers, rental car companies, buy here pay here dealerships, leasing offices, auctions, and private party sales. Some car retailers offer "no-haggle prices," "certified" used cars, and extended service plans or warranties. Used car industry Used car export industry Depreciation levels of vehicles differ a lot in exporting and importing countries due to differences in income levels. The price of a vehicle depreciates faster in high-income countries than in low-income countries. Used vehicles sellers in high-income countries can thus sell their used vehicles for a higher price in low-income countries. This is the incentive to export used vehicles. The major car exporting countries (which includes both new and used vehicles) are Japan, the EU, USA, and Canada. In the ...
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Monroney Sticker
The Monroney sticker or window sticker is a label required in the United States to be displayed in all new automobiles and includes the listing of certain official information about the car. The window sticker was named after Almer Stillwell "Mike" Monroney, United States Senator from Oklahoma. Monroney sponsored the Automobile Information Disclosure Act of 1958, which mandated the disclosure of equipment and pricing information on new automobiles. Since the mid-1970s the United States Environmental Protection Agency provides fuel economy metrics in the label to help consumers choose more fuel-efficient vehicles. New requirements for the Monroney label were issued for 2008 cars and light-duty trucks sold in the US. The 2007 Energy Independence and Security Act (EISA) mandated inclusion of additional information about fuel efficiency as well as ratings on each vehicle's greenhouse gas emissions and other air pollutants. A more comprehensive fuel economy and environment labe ...
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MSRP
The list price, also known as the manufacturer's suggested retail price (MSRP), or the recommended retail price (RRP), or the suggested retail price (SRP) of a product is the price at which its manufacturer notionally recommends that a retailer sell the product. Suggested pricing methods may conflict with competition theory, as they allow prices to be set higher than would be established by supply and demand. Resale price maintenance—fixing prices—goes further than suggesting prices, and is illegal in many countries. Retailers may charge less than the suggested retail price, depending upon the actual wholesale cost of each item, usually purchased in bulk from the manufacturer, or in smaller quantities through a distributor. The suggested price is sometimes unrealistically high, so the seller can appear to be offering a discount. List price often cannot be compared directly internationally as products may differ in detail, sometimes due to different regulations, and list pr ...
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Commission (remuneration)
Commissions are a form of variable-pay remuneration for services rendered or products sold. Commissions are a common way to motivate and reward salespeople. Commissions can also be designed to encourage specific sales behaviors. For example, commissions may be reduced when granting large discounts. Or commissions may be increased when selling certain products the organization wants to promote. Commissions are usually implemented within the framework on a sales incentive program, which can include one or multiple commission plans (each typically based on a combination of territory, position, or products). Payments are often calculated using a percentage of revenue, a way for firms to solve the principal–agent problem by attempting to realign employees' interests with those of the firm. However, models other than percentages are possible, such as profit-based approaches, or bonus-based approaches. Commissions allow sales personnel to be paid (in part or entirely) based on products o ...
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Valerie Biden Owens
Valerie Biden Owens (November 5, 1945) is an American political strategist, campaign manager and former educator. She is the younger sister of Joe Biden, the 46th and current President of the United States. In 2016, president Barack Obama nominated her Alternate Representative of the United States to the 71st Session of the General Assembly of the United Nations. Owens has played a substantial role in all of her brother's political campaigns. She was the campaign manager during all of his Senate elections and for his 1988 and 2008 presidential campaigns, as well as a senior advisor to his successful 2020 presidential campaign. Owens published her autobiography, ''Growing Up Biden'', in 2022. Early life and education She was born the daughter of Catherine Eugenia "Jean" ( née Finnegan; 1917–2010) and Joseph Robinette Biden Sr. (1915–2002). Her brothers are Joe, Francis "Frank" Biden, and James "Jim" Biden. Her family is of Irish Catholic background. Biden's father was i ...
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Real Estate
Real estate is property consisting of land and the buildings on it, along with its natural resources such as crops, minerals or water; immovable property of this nature; an interest vested in this (also) an item of real property, (more generally) buildings or housing in general."Real estate": Oxford English Dictionary online: Retrieved September 18, 2011 In terms of law, ''real'' is in relation to land property and is different from personal property while ''estate'' means the "interest" a person has in that land property. Real estate is different from personal property, which is not permanently attached to the land, such as vehicles, boats, jewelry, furniture, tools and the rolling stock of a farm. In the United States, the transfer, owning, or acquisition of real estate can be through business corporations, individuals, nonprofit corporations, fiduciaries, or any legal entity as seen within the law of each U.S. state. History of real estate The natural right of a person t ...
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United States Senate
The United States Senate is the upper chamber of the United States Congress, with the House of Representatives being the lower chamber. Together they compose the national bicameral legislature of the United States. The composition and powers of the Senate are established by Article One of the United States Constitution. The Senate is composed of senators, each of whom represents a single state in its entirety. Each of the 50 states is equally represented by two senators who serve staggered terms of six years, for a total of 100 senators. The vice president of the United States serves as presiding officer and president of the Senate by virtue of that office, despite not being a senator, and has a vote only if the Senate is equally divided. In the vice president's absence, the president pro tempore, who is traditionally the senior member of the party holding a majority of seats, presides over the Senate. As the upper chamber of Congress, the Senate has several powers o ...
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Shyster
Shyster (also spelled ''schiester'', ''scheister'', ''shiester'', etc.) is a slang word for someone who acts in a disreputable, unethical, or unscrupulous way, especially in the practice of law, sometimes also politics or economics. Etymology The etymology of the word is not generally agreed upon. The ''Oxford English Dictionary'' describes it as "of obscure origin", possibly deriving from a historical sense of "shy" meaning disreputable. The ''Merriam-Webster Dictionary'' deemed it probably based on the German ''Scheißer'' (literally "shitter", i.e. "defecator"). A book published in 2013 traces the first use back to 1843, when scammers in New York City would exploit prisoners by pretending to be lawyers. These scammers were disparagingly referred to as "shisers", meaning "worthless people" in British slang, which in turn was originally derived from the German "Scheißer". Various false etymologies have suggested an antisemitic origin, possibly associated with the character of ...
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