Word: retail
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Dates: during 1920-1929
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...true that during the last few months there has been a marked increase in output, but it would be erroneous to interpret this is a readjustment in prices. Labor is a most important factor in the manufacturing market and wages are an almost inflexible element. In other words the retail price situation and present absorption of goods, seem to be such as to offer much resistance to radical reductions of modities...
...competition affords an exceptional opportunity for candidates to gain a knowledge of business methods and the relation of the retail trade to the consumer, not only from the personal but from the newspaper advertising stand-point...
...determined at the present time, retail merchants are the greatest sinners in the matter of standing pat and forcing others to bear the burden of a reduction of prices. Labor unions are a close second. The threatened railroad strike is simply a maneuver to prevent a reduction in the cost of transportation, and force some other group to bear the burden of a reduced cost of production. Farmers and other producers of raw materials have already been forced to suffer a marked reduction in the prices of their products, which prices are costs of production to the secondary industries...
...chief reason why young men and women are thronging to the college and universities is probably because education is becoming more vocational. Universities now offer courses not merely in law and medicine, but in accountancy, in retail salesmanship, in insurance, and indeed, in almost every department of business activity. Even the less comprehensive college which have not schools of commerce, finance and accounts have in perceptible degree enlarged their curricula, and the general tidal wave which carries thousands into these "practical" university departments sweeps many into them as well...
...industry must inevitably labor under a serious disadvantage. The "turnover" tax, moreover, would encourage the formation of combinations, to the exclusion of the small manufacturer and the middleman; it would tax concerns regardless of how profitable they are it is, therefore, not adapted to American business conditions. The retail sales tax, on the other hand, eliminates this difficulty by proposing to collect revenue upon the product at the final sale only. But from its very nature it is open to extreme evasion without a large corps of collectors...