[...]... given period partly upon the expense of production and partly upon the relation of supply and demand Prices are affected by the creation of monopolies, by the opening of new markets, by the obstructing of the ordinary channels of commercial intercourse, and by the anticipation of these and other causes It is the business of the merchant to acquaint himself with every circumstance affecting the prices... especially to the conveyance than to the exchange of products; thus we refer to railroad traffic or lake traffic Products, when considered articles of trade, are called merchandise, goods, wares The term merchandise has the widest meaning, and includes all kinds of movable articles bought or sold Goods is applied more particularly to the supplies of a merchant Wares is commonly applied to utensils,... building, stock, plant, and business reputation The name concern is often used in a very similar way The name market expresses a locality for the sale of goods, and in commerce is often used to denote cities or even countries We say that Boston is a leather market, meaning that a large number of Boston merchants buy and sell leather In the same sense we call Chicago a grain market, or New Orleans a cotton... establishment in its dealings with the trade The factory may be located in a small town, while the selling agent has his office and samples in the heart of a great city As regards the quantity of goods bought or sold in a single transaction, trade is divided into wholesale and retail The wholesale dealer sells to other dealers, while the retail dealer sells to the consumer—that is, the person who consumes,... jobber is one who buys from importers and manufacturers and sells to retailers He is constantly in the market for bargains The names jobber and wholesaler are often used in the same sense, but a jobber sometimes sells to wholesalers Wholesale has reference to the quantity the dealer sells, and not to the source from which he buys, or the person to whom he sells The wholesaler, as a rule, deals in staples—that... to Leases XVI Liability of Employers to Employés XVII Liability of Employers to Employés Examination Paper V PREPARING COPY FOR THE PRESS AND PROOF-READING I Preparing Copy II On the Names and Sizes of Type III The Terms Used in Printing IV Marks Used in Proof-reading ILLUSTRATIONS I GENERAL BUSINESS INFORMATION A Poorly Drawn Cheque A Carefully Drawn Cheque A Cheque Drawn so as to Insure Payment to. .. powerful agent is the personal energy of enterprising and persevering men, who, by superior education, or scientific knowledge, or practical foresight, have often been able to found industrial centres in situations which no geographical considerations would suggest or explain Commission merchants receive and sell goods belonging to others for a compensation called a commission A selling agent is a person... between countries, or even between different sections of the same country, is usually referred to as commerce The term business refers more particularly to our dealings at home—that is, in our own town or city Sometimes this name is used in connection with a particular product, as the coal business or the lumber business, or in connection with a particular class, as t h e dry-goods business or the grocery... Parties to a Contract III The Parties to a Contract (Continued) IV The Consideration in Contracts V The Essentials of a Contract VI Contracts by Correspondence VII What Contracts Must Be in Writing VIII Contracts for the Sale of Merchandise IX The Warranties of Merchandise X Common Carriers XI The Carrying of Passengers XII On the Keeping of Things XIII Concerning Agents XIV The Law Relating to Bank... six months to a year in advance of the time of delivery It is quite a common thing for the retailer to order from samples merchandise which at the time of placing the order may not even be manufactured By the price of a commodity is meant its value estimated in money, or the amount of money for which it will exchange The exchangeable value of commodities depends at any given period partly upon the expense . PROJECT GUTENBERG EBOOK UP TO DATE BUSINESS *** Produced by Barbara Tozier, Bill Tozier, Jacqueline Jeremy and the Online Distributed Proofreading Team at http://www.pgdp.net UP- TO- DATE BUSINESS HOME. eBook or online at www.gutenberg.org Title: Up To Date Business Home Study Circle Library Series (Volume II.) Author: Various Editor: Seymour Eaton Release Date: February 6, 2007 [EBook #20531] Language:.