...which event the owners must, of necessity, pay for the use of the capital of others during the interval between the purchase of the raw material and the sale of the manufactured product. In the case of a store carrying a stock of say $100,000, the amount of capital...

...managed the operation at its own mills, while the organization of the National Company merely attended to the purchase of the raw material and the sale of the finished product. To stimulate economical production the Directors of the National required each operating company...

...plant, the employment and direction of the working forces, the placing and acceptance of contracts, the purchase of the raw material, and the sale of the finished product. The performance of these functions requires a wide knowledge of business, of markets, of methods...

...machinery and plant, the general organisation of the business, the placing and acceptance of contracts, the purchase of the raw material, and the sale of the finished product. The performance of these functions requires not merely a knowledge of the particular business...

...machinery and plant, the general organisation of the business, the placing and acceptance of contracts, the purchase of the raw material and the sale of the finished product. The performance of these functions requires not merely a knowledge of the particular business...

...easily figure out that seventy-two horsepower may be purchased for the same price as one manpower. It has been already pointed out that the weakness...the chain which stretches between the purchase of raw material and the sale of the finished manufactured product. As each link in this chain must be...