Word: justments
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Dates: during 1920-1929
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...University bureau of business research, acting with the co-operation and financial assistance of the National Dry Goods Asociation, after a pioneer survey of doing business in department stores, has come to the conclusion that a read-justment of operating expenses is necessary to restore net profit to normal in this business. The average net profit realized in the department store trade in 1921 was 1.3 per cent, of net sales, which is considered too small. The bureau also discovered that a rapid rate of stock-turn is fully as important in department stores as in other businesses...