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

Collection:: Economics Books

GREATER PROFITS FOR EVERY BUSINESS 221 to cooperate with the producer and distributor; by doing this they would be busy 24 hours a day instead of using their rails profitably less than half the time. Thus they could manifestly bring about enormous reductions in the costs of handling each unit of freight. It is clear that if all these different lines of business had long ago applied the Model Stock Plan principles to their problems, they would have found it very profitable. Every year since publication of my first book on the Model Stock Plan has shown that more and more kinds of businesses have found it profitable to apply the principles of the Model Stock Plan. These are not only the most successful producers in their lines but also they are rapidly dominating their fields. Time is of the essence in the greatest success; and in any line, the first comers who adopt the Model Stock Plan principles will be strongly entrenched against those who lag behind in taking advantage of these progressive more-total- profit principles. As we have already seen, simplification and standardiza- tion are saving hundreds of millions of dollars annually in the United States through the elimination of unnecessary varieties. The Model Stock Plan, is, after all, founded on the simplification and standardization of prices, where far greater savings are possible. If it seems that these claims are too broad, let us consider for a moment the tremendous successes already made—and the great start therefore already attained over present and possible future competition—by the single price, or in some instances two-price, chains such as Woolworth’s, Kresge’s, Grant’s, Thom McAn shoes, many dress shops, and any number of similar organizations. Or consider one instance from the department store field. Men’s shoes have not been very profitable in most department stores. In many stores they have been very unprofitable. The Retail Research Association, composed of leading stores in 18 cities, decided to adopt the three full-line prices in the men’s shoe departments of its stores which had largely been unprofitable. Then the R. R. A, brought to bear on the

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