Hardware merchandising January-June 1897 . HARDWARE AND METAl THE COST OF DOING BUSINESS. A MAN asked the representive of thispaper the other day if a wholesalehouse could do business on a basisof 5 per cent, profit on the invoice price ofgoods. The answer was that such a pro ?position was absurd. A recent address at abusiness mens convention in the SouthernStates dealt with this question of the cost ofdoing business, and the sentiments are worthconsidering at this time both by retailers andwholesalers : Business methods of to-day are quite dif-ferent from those of our fathers of 50 yearsago.
Hardware merchandising January-June 1897 . HARDWARE AND METAl THE COST OF DOING BUSINESS. A MAN asked the representive of thispaper the other day if a wholesalehouse could do business on a basisof 5 per cent, profit on the invoice price ofgoods. The answer was that such a pro ?position was absurd. A recent address at abusiness mens convention in the SouthernStates dealt with this question of the cost ofdoing business, and the sentiments are worthconsidering at this time both by retailers andwholesalers : Business methods of to-day are quite dif-ferent from those of our fathers of 50 yearsago. Then they had no railroads, no tele-graph lines, and a merchant had to make along, tedious journey to market to supplyhimself with 6 or 12 months supply ofmerchandise ; mails were slow and news-papers were not read as much as they areto-day; people were not as well informed onsubjects in general. Then profits in sellinggoods were very large, and it was not neces-sary that one should be particular about hisexpense account or his profits,
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Keywords: ., bookcentury1800, booksubjectbu, booksubjectimplementsutensilsetc
