The Bell Telephone System
The Bell Telephone System
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In our eReader you can find the full English version of the book. Read The Bell Telephone System Online - link to read the book on full screen. Our eReader also allows you to upload and read Pdf, Txt, ePub and fb2 books. In the Mini eReder on the page below you can quickly view all pages of the book - Read Book The Bell Telephone System
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(In each case the annual average for the years 1925 to 1940, inclusive, is taken as 100. ) There is another interesting effect which the position of the Western Electric Company in the Bell System has on prices. It has a tendency to make Western Electric price changes run counter to the general trend. Prices in general are relatively high in good times and low in bad. Since the 146 THE BELL TELEPHONE SYSTEM amount of construction and the quantity of machinery bought are much greater in good tim...es than in bad, most plant, re- gardless of the type of industry, is built at the high prices of good times. Moreover, the prices of some materials, equip- ment and machinery that go into plant are often very high in the seller's market that usually accompanies the peak of prosperity. On the other hand, in a limited profit business like that of Western Electric the margin between costs and prices is reduced rather than increased in prosperity. When the economies resulting from full time operations in pros- perous times more than offset the increased costs of raw materials and labor, the Western can and has many times reduced its prices when the general price trend was going up.
What to read after The Bell Telephone System?
You can find similar books in the "Read Also" column, or choose other free books by Arthur W Arthur Wilson Page to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
(In each case the annual average for the years 1925 to 1940, inclusive, is taken as 100. ) There is another interesting effect which the position of the Western Electric Company in the Bell System has on prices. It has a tendency to make Western Electric price changes run counter to the general trend. Prices in general are relatively high in good times and low in bad. Since the 146 THE BELL TELEPHONE SYSTEM amount of construction and the quantity of machinery bought are much greater in good tim...es than in bad, most plant, re- gardless of the type of industry, is built at the high prices of good times. Moreover, the prices of some materials, equip- ment and machinery that go into plant are often very high in the seller's market that usually accompanies the peak of prosperity. On the other hand, in a limited profit business like that of Western Electric the margin between costs and prices is reduced rather than increased in prosperity. When the economies resulting from full time operations in pros- perous times more than offset the increased costs of raw materials and labor, the Western can and has many times reduced its prices when the general price trend was going up.
What to read after The Bell Telephone System?
You can find similar books in the "Read Also" column, or choose other free books by Arthur W Arthur Wilson Page to read onlineMoreLess
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