Report On the Statistics of Labor. (Title Varies) 1935

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A comparison of values between stores imposes its own measure of costs; and, if the buj'er's time is worth anything, adds a sizable increase to the quoted price. In a process of shopping around — a luxury which busy people can ill afford — a part of the work of the merchant is taken over by the buyer. And the patient customer must — in such unwritten accounts as he keeps — pay him- self for his own bother.
"In like manner, 'the terms of sale' are aspects of the bargain. A large number of people
... want a thing when they want it. Accordingly an article in hand is worth more than one ordered for future delivery. A price of a good cash-and-carry is not the same thing as charge-and-deliver. It gives to the purchaser the opportunity to do his own toting and furnish his o^^^l credit. A privilege of returning bottles, a discount for quantity, a premium for continuous purchase — a veritable mis- cellany of tangibles and intangibles — help to make for cheapness or dearness. In fact — whatever its identitj^ and quality — a group of services — necessary or unnecessary — has been built up about every ware of trade.

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Report On the Statistics of Labor. (Title Varies) 1935
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