. Florists' review [microform]. Floriculture. January 18, 1917. The Florists^ Review 13. Before After Showing What G. E. M. Stumpp Did With an Old Long Island Residence When it Came into His Possession. to themselves, their customers, or their competitors? Quality and service are becoming greater factors in the field of merchan- dising. Long after the price of a prod- uct is forgotten the quality is remem- bered. The man who does not know his true costs is the man who prices his goods foolishly and thereby impairs the busi- ness of his sound competitors at the same time that he ruins his own.
. Florists' review [microform]. Floriculture. January 18, 1917. The Florists^ Review 13. Before After Showing What G. E. M. Stumpp Did With an Old Long Island Residence When it Came into His Possession. to themselves, their customers, or their competitors? Quality and service are becoming greater factors in the field of merchan- dising. Long after the price of a prod- uct is forgotten the quality is remem- bered. The man who does not know his true costs is the man who prices his goods foolishly and thereby impairs the busi- ness of his sound competitors at the same time that he ruins his own. Please understand me, the menace is not in underselling, for a business con- cern must expect to face the low prices that are due to eflSciency. But even the most eflScient concern is not always able to meet cut-throat prices based on ig- norance. A Hint for the S. A. F. The Federal Trade Commission has urged upon business men the importance of installing adequate cost accounting systems. "We have sent out to the busi- ness men of the country, both manufac- turers and retail merchants, approxi- mately 350,000 cost accounting pamph- lets, and thousands of letters have been received in reply commending the com- mission for this work. \Ve have, through our expert accountants, co- operated with trade associations whicli are endeavoring to work out uniform and adequate cost accounting systems for their entire industry. Each particu- lar industry must work out its own plan, and in its own way. When the men in a given industry, however, have found a system that is uniform and satisfac- tory to them, and this system is pre- sented to the Federal Trade Commission, the commission will consider the plan carefully and if it is sound will approve it as the standard system for that par- ticular industry. Making a Statement. Supplemental to our cost accounting work, we have asked the Institute of Public Accountants to draw up a set of rules which will govern the making out of certified s
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Keywords: ., bookcentury1900, bookdecad, booksubjectfloriculture, bookyear1912
