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

224 THE MODEL STOCK PLAN worthwhile to familiarize themselves with the Model Stock Plan method of planning and control that so reduces the risks of doing a distributive business.! Bankers know that a business using the Model Stock Plan will earn greater total profits through having a faster rate of turnover, will lose less through mark-downs, and will increase its volume of sales more rapidly. In every instance the Model Stock business will inevitably attain a better set of those credit ratios on which bankers so largely base their judgment of a business. Moreover, it is in times of business depression that the banks have their heaviest losses. Bankers are learning that the store with stocks at the price levels of greatest demand is more surely and quickly able to get into thoroughly safe condition at the first threat of a business panic; likewise, that such a store is often able to make even larger total profits when general business conditions are bad than when they are booming.? So at the most troublesome times for the bank, its Model Stock borrowers will require less than ordinary attention and care. It is plain to me, therefore, that in the not too distant future the most progressive bankers will aid their customers to see how great improvements they can make in the safety and success of their businesses by applying the Model Stock Plan. I likewise suspect that the business which can show a record of having used the Model Stock Plan profitably for some years will, when this time comes, be considered a preferred credit risk by those bankers who know the most about what makes a retailer a desirable customer for a bank. Nor is the Model Stock Plan’s usefulness in the retail field confined to any single class or kind of stores. It was * Many of the larger banks are, of course, retaining or employing engineers who survey and report on the operating policies and methods of applicants for loans before the loans are made and who work with customers when the need arises to safeguard the bank’s interests. These management engineers are particularly alert to such modern developments as the Model Stock Plan in its relation to the whole field of distribution. 2 As has been described in Chap. VII, p. 103, the experience of the Filene store in Boston during the slump conditions of 1920 to 1g2r is one instance of the greater total-profit possibilities in times of general business depression.

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