CHOOSING PRICE LEVELS TO INCREASE SALES 35
every department; it helps the management and the buyers
to keep the same classes of goods in all lines.
The Model Stock Plan for a given department or a division
of a department is not a whole in itself. It is a part— at
times a very small part—of a large and significant whole.
If the Model Stock Plan means anything at all it means a
common-sense correlation of the department policies of the
store as a whole.
It also has the merit of consolidating the merchandising
power of the store, so that our buyers present a single front
to our resources. One part does not fight other parts. That
helps us in the market. It becomes known that our plan is
effective. Our buyers’ opportunities of getting right prices
and good values, therefore, are much better.
On the side of selling, we must keep in mind that most
goods are sold at retail not by specific pieces of advertising
but by the tendency of the public to come to our store when
they want our class of goods. We must ask ourselves
frequently: What makes customers pass other stores to come
here? And we must ask ourselves: Why do they pass our store
to go elsewhere? The answer is that customers go where they
find a consistently attractive stock at consistently lower
average prices than other stores get for merchandise of the
same quality and of equal style appeal. Price is recognized
as the deciding factor most frequently; style and good taste
are almost equally important. A customer will not keep
coming to a store where she recognizes that she pays more
or where she gets merchandise of poor style or questionable
taste.
As I have frequently defined it, the Model Stock Plan is
basically only the standardization of prices which has as
great possibilities of greater service to the public as it has of
greater total profits to the owner.