Time Telling through the AgesBrearley, Harry Chase
History
Time Telling through the Ages
Brearley, Harry Chase
Clocks and watches -- History; Time measurements
It was in this spirit that the firm began to ask itself whether the
large distributors were really more efficient than the small retailers;
whether they actually earned the extra amount which they were paid
for selling each watch, and whether it would be a healthful thing
for the country if all retail business were transacted through such
organizations—in short, whether restrictions to such a system were
really consistent with the theory of commercial democracy.
Approached from this standpoint, the answer was found to be in the
negative. A careful research among stores in all sections of the
country showed unmistakably that the cost of selling in a small store
was actually less than in the department store, the chain-store, or
the mail-order house. Viewing the sale of each watch as an individual
transaction, it was seen that a small store in some far-off country
village gave quite as valuable service as did a large store in a
metropolis, and therefore should be paid as much. Consequently, the
Ingersolls introduced a selling-plan which, under the conditions, was
as revolutionary in the field of retail distribution as the discovery
of Galileo had been in that of clock mechanism. Yet it was merely that
of a flat-price schedule; in other words, it was a provision that the
dealer buying one dozen watches, or even one single watch, should pay
exactly the same price as the dealer who bought ten thousand. Quantity
discounts were definitely abandoned.
Naturally, this plan met with cordial response from the countless small
retailers scattered throughout the length and breadth of the country,
and the close relationship thus established led to other logical
developments in the way of cooperation, such as that of display devices
suited to the needs of these dealers, a simplified accounting system to
increase their efficiency, and various measures of a similar nature.
In the meantime, a constantly increasing advertising appeal resulted
in a rapidly growing demand from the public, and this, in turn, made
possible the assuring a uniform quantity of output, which was in itself
the basis necessary for maintaining uniform quality. Thus practical
experience and scientific trade-study were formulated into what has
come to be recognized as a definite commercial philosophy, namely, that
of uniform quality, uniform quantity, uniform demand, uniform price to
the dealers and uniform price to the consumer—a statement of principles
in which, as in the works of a watch, each part must be geared to every
other to insure effective operation.
Public-domain text, read in full here on John Shaqi.
Reviews
Reviews
No reviews yet
Be the first to share your thoughts on this work.
Elsewhere in the archive
Join the Discussion
Join the discussion
Sign in to leave a comment or review.
Sign InorCreate an account