Let's debunk seven economic myths

Article Abstract:

IC Industries CEO and chairman William Johnson gives his view of existing economic conditions in the U.S. Johnson does not believe that the federal budget deficit is the greatest problem facing the country; presently, combined U.S. credit outstanding equals $1.8 billion. Meanwhile, the total costs of U.S. rules and regulations on businesses in the country surpasses $100 billion each year - almost the same sum as the net interest expenses incurred by the budget deficit. A strong U.S. dollar is an advantage over the long run for the U.S. position in world markets.

United States, Officials and employees, Beliefs, opinions and attitudes, United States economic conditions, IC Industries Inc., Johnson, William B.

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Effective purchasing: a direct route to new profits

Article Abstract:

Usually, for each $20 million in sales generated by a company, roughly $1 million goes to profit. When you conserve $1 million internally, the profit effect is the same as if sales increased by $20 million. The purchasing function can help the company save millions of dollars when properly used. Usually, firms can save on marketing, advertising, maintenance, repair, and operating expenses.

Methods, Purchasing, Purchasing agents

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