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- Title
Dealer Trade Group: High-Tech Venturing in a Low-Tech Industry.
- Authors
Murphy, Patrick J.; Crockett, Carter
- Abstract
The article discusses the behind-the-scenes dealings of Dealer Trade Group, a high-tech business-to-business company that helps automobile wholesalers. While the company was growing, the company's president, Carter Crockett, had received financial backing from a venture capitalist who, in turn introduced him to a used car dealer who began to show him the automotive market. The information that Crockett collected showed that the profits gained from the sale of an average vehicle declined sharply the longer it remains on the dealer's lot.
- Subjects
HIGH technology industries; AUTOMOBILE industry; WHOLESALE trade; CORPORATE profits; VENTURE capital; INVESTORS; DEALER Trade Group (Company); CROCKET, Carter
- Publication
Entrepreneurship: Theory & Practice, 2007, Vol 31, Issue 4, p643
- ISSN
1042-2587
- Publication type
Article
- DOI
10.1111/j.1540-6520.2007.00192.x