American Business Enterprise a Study in Industrial Organisation a Report to Th

Cover American Business Enterprise a Study in Industrial Organisation a Report to Th
American Business Enterprise a Study in Industrial Organisation a Report to Th
Douglas Knoop
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Secondly, less expenditure of new capital and labour would be required; and, lastly, and probably this is the most important consideration, in case the demand for one of the two articles they manufacture falls off, they can increase their output of the other article with far less expense and trouble than if the two articles required entirely different labour and machinery.
This point is well illustrated by the manufacturers of automobiles. One frequently finds that motor cars are made by a conc
...ern which was formerly engaged in the manufacture of some other commodity. Thus several cycle makers have turned their attention to the manu- facture of automobiles. For example, the Pope cars are made by the same people as produce the Columbia cycle. In other cases it is gas engine makers who have extended the sphere of their activities; for instance, the Olds Motor Works originally made gas engines; and in England we find Crossley Brothers Ltd. Making motor cars in addition to gas engines. At least one large firm of carriage makers, namely, Studebaker Brothers, of South Bend, Indiana, have commenced to make auto- mobiles under the name of the Studebaker Automobile Company.

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