The model stock plan

Bibliographic data

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.

Chapter

Document type:: Monograph

Structure type:: Chapter

Title:: Chapter XV. The Model Stock plan makes greater total profits for every business

Collection:: Economics Books

210 THE MODEL STOCK PLAN increased their own profits by helping their customers, the retailers of this country, to put the Model Stock principles to work in their stores. We have seen that when the Model Stock Plan is utilized in a store, it inevitably reaches back to eliminate wastes in factories producing goods for this store. It cannot, then, be dismissed with any such general state- ment as that it applies only to retail stores. To be sure, it was originally worked out in a retail store which over the years has attained the largest sales of any store of its kind in the whole world. But it has proved itself as a way to greater total profits in a great many concerns which hardly touch retailing at any point. Wherever it has been intelii- gently and completely applied, it has yielded larger returns in money, and it has increased the safety of the business. The Model Stock Plan is applicable to all kinds of busi- nesses. Its application is far wider than we think possible until we have made a careful analysis. For instance, it seems a far cry from retail stores to transatlantic steamship travel. Yet the Model Stock Plan has been the means of putting the transatlantic steamship lines’ passenger traffic on a money-making basis after it had been suffering heavy losses for years. The steerage transportation of immigrants from Europe to the United States had been the bread and butter of the ship lines for many decades. The fare was low—at one time as low as $30 or $40. Steerage quarters were crowded on the west-bound passage, and this revenue was the major source of passenger profits. But when the immigration restriction laws went into effect, this revenue was largely cut off, and most of the previous profit showings were changed into losses. In my study of international trade relations, I had con- cluded that the greatest hindrance among the American people to a more cordial attitude toward Europe was that so few Americans had ever been to Europe. If a larger proportion of the American voters could visit Europe, this would be a distinct.step toward attaining a better compre- hension of European conditions which would be basically

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