Document Type

Article

Publication Date

1916

Abstract

The Federal Trade Commission has found that the majority of retail merchants do not know accurately the cost of conducting their "business and for this reason they are unable to price their goods intelligently. There must he decided improvement in this direction before competition can be placed upon a sound basis and before we can expect a decrease in the heavy business death rate among retail merchants. With the object of aiding retail merchants to improve their accounting methods we have outlined a simple system of accounts which provides for supplying the information necessary to properly direct a retail business. I commend the pamphlet to your attention and feel satisfied that if you will read it carefully you will find many helpful suggestions.

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