16
THE MODEL STOCK PLAN
basic method of getting a BB by foresight, planning, and
helping the producer eliminate wastes—then, it is proof that
the time has come for us to use our ingenuity and planning
to get a new and better BB. A BB is not beaten when it is
undersold only spasmodically. It must be undersold steadily
to be beaten.
It takes time for our competitor to even up our lead on a
BB. And while he is getting ready to meet us, we are getting
ready to beat him again. In any event we have to keep up
with competition, even if we are not using the Model Stock
Plan. The usual way to keep up is to do it spasmodically
without sufficient forethought. The BB supplies a definite
method of meeting and beating competition. And instead of
meaning a loss, as special bargains or leaders often mean, the
BB should result in profit of itself.
To be sure, a BB is maintained only by shopping
thoroughly to see what others are offering. This shopping
brings out the advantage of the BB as a yardstick of the
value of all the items in the line.” If we carry a great many
items in every class of goods, it is futile to try to compare
our stocks with the stocks of competitors, item by item. It
simply cannot be done. It is, however, reasonable and not
too expensive to shop thoroughly one article in every full
line, and that should be the BB.
Then, after we have shopped it and have made sure that
our BB is really what its name implies—the best buy in our
city—we have a dependable measure against which to line
up all our merchandise in that full line. We can compare
our other purchases, as customers will later do, to see whether
they will sell against the extraordinary intrinsic value of the
BB. Thus in effect we compare our entire line with that of our
competitors, although we actually shop but one article thoroughly.
Shop the BB’s and we shop our stock. This is the princi-
ple behind this method. And it is really as a measure or gage
of value for the whole full line that the BB is most profitable.
Indeed, a large share of the advantage of the Model Stock Plan
is in laying out and comparing each item of each full line with
the BB for that line. Many buyers think they can do it well