Many of the problems the company experienced are typical of an organisation adopting a production orientation in its marketing strategy. In particular, low-cost mass production is very easy to replicate by new market entrants and Ford was almost put out of business by intense competition from General Motors.
A painting of a hag. A hag is a wizened old woman, or a kind of fairy or goddess having the appearance of such a woman, often found in folklore and children's tales such as Hansel and Gretel.
Vig, which is short for vigorish, is a term used to describe the book's theoretical edge, or commission, on each betting online wager. It is also sometimes referred to as the book's hold, particularly when looking at futures markets.