Principles of Business

Cover Principles of Business
Principles of Business
Charles W Charles William Gerstenberg
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Blanton, B. H., Credit, Its Principles and Practice.
Hagcrty, J. E., Mercantile Credit.
Gcrstcnberg, C. W., The Law of Bankruptcy.
National Association of Credit Men, Annual Diary.
Natioiial Aasodation of Credit Men, Bulletin.
Digitized by Google CHAPTER XXV FORECASTING BUSINESS CONDITIONS The importance of business forecasting. — ^Every business man is more or less of a speculator. Even the humble cobbler, who comes as near to the wage earner as any independent enterpriser can come, speculates
... to a certain extent. He buys his sole leather and his rubber heels, his polishing material and his thread in quantities more than sufficient to last him for a day, and though his purchases are for convenience and not for taking ad- vantage of price changes, he will get these advantages, or conversely lose them, if prices go up or come down.
To the extent that he consciously takes advantage of the probable changes in prices he consciously attempts to seize one of the important sources of profits.


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