The model stock plan

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Monograph

Identifikator:: 1820833348

URN:: urn:nbn:de:zbw-retromon-210730

Document type:: Monograph

Author:: Filene, Edward A. http://d-nb.info/gnd/123562244

Title:: The model stock plan

Place of publication:: New York

Publisher:: McGraw-Hill Book Company

Year of publication:: 1930

Scope:: xiv, 253 Seiten

Digitisation:: 2022

Collection:: Economics Books

Usage license:: Get license information via the feedback formular.

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Document type:: Monograph

Structure type:: Chapter

Title:: Chapter I. The way to greater total profits

Collection:: Economics Books

CHAPTER I THE WAY TO GREATER TOTAL PROFITS Five advantages of operating any business on Woolworth, Ford, and General Motors principles. Changing competition demands better distribution, Lower prices, greater total profits. A whole stock of bargains, a Model Stock. Goodwill, the greatest business asset, dependent on complete stocks of wanted goods at low prices, The Model Stock Plan essentially a process of planning and control throughout the business. How manufacturers and retailers can work together to their mutual profit. A way to meet chain-store competition. Distribution costs excessive; we can reduce them by reducing wastes. Increasing customers’ buying power ihn de mass production and mass distribution, The way to greater total profits, THis book is written to show you how you can strengthen your business and increase its total profits by applying to your own business the principles that made Ford and Wool- worth so extraordinarily successful. These principles are basic. They apply to all lines. They apply to your busi- ness, no matter how high-priced goods you sell, Whether you are an independent retailer, large or small, a department store operator, a chain-store operator, a wholesaler, or a manufacturer, five major advantages accrue from operating a business according to the methods laid down in this book, the Model Stock Plan, rather than according to traditional merchandising methods: t. The Chevrolet, F ord, and Woolworth ideas are applied to higher-priced merchandise, with opportunities for profit making in consequence greatly increased. 2. Larger sales follow on much smaller investments and smaller stocks; the stocks are, nevertheless, more complete. 3. Losses {rom obsolescence, damage, and the like are reduced. Necessary mark-downs can be made a source of profit. 4. Greater goodwill grows up, thus increasing both profits and worth of the busineas.

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