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  • 8/10/2019 articol 2 mark

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    Annual Marketing Research Conference, 1953 by Donald R. G. CowanReview by: Hugh G. WalesJournal of Marketing, Vol. 19, No. 1 (Jul., 1954), pp. 108-109Published by: American Marketing AssociationStable URL: http://www.jstor.org/stable/1246903.

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  • 8/10/2019 articol 2 mark

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    108 THE JOURNAL OF

    MARKET~~~~~~~~~~~

    08 THE JOURNAL OF

    MARKET~~~~~~~~~~~

    doing

    this rather well

    in view

    of

    the inevitable

    limitations

    of

    space,

    although

    results

    do not

    run

    evenly,

    which

    is

    to be

    expected

    where the

    matter

    is

    the

    product

    of

    14

    different

    contribu-

    tors. The discussions are well supported by up-

    to-date statistics.

    And

    over

    half

    of the

    chapters

    contain

    carefully

    constructed charts

    portraying

    the

    marketing

    channels. The brief summaries

    at

    the end

    of

    many

    of

    the

    chapters

    are

    very

    helpful.

    The

    sweep

    of this

    part

    of

    the

    volume is

    so

    broad

    and

    its detail so

    variegated

    that we must

    be content with

    the

    briefest of

    remarks on

    se-

    lected

    high-spots

    of each contribution. The

    analysis

    of the dealer

    contract in the Automo-

    biles

    chapter

    is

    quite thorough.

    The chart

    of

    automobile tire channels is especially good and

    includes

    important

    quantitative

    data. The na-

    ture

    of S.A.P. orders

    and of

    canners'

    with-

    drawals

    is

    clearly

    established

    in the

    canned

    goods monograph.

    The

    chapter

    on Frozen Foods

    exemplifies

    a

    product

    that had

    to

    develop

    its

    channels

    in

    the

    face of keen

    competition

    while

    contending

    with

    the added burden

    of

    refriger-

    ation. The

    development

    of

    marketing

    channels

    for

    washing

    machines

    is

    shown

    to have

    passed

    through

    three

    distinct historical

    periods.

    The

    whole

    treatment

    of meat

    marketing

    channels

    is extraordinarily thorough (57 pages) for a vol-

    ume

    of

    this

    sort

    and

    contains

    a

    good

    section on

    marketing

    costs. The

    peculiar types

    of

    primary

    suppliers

    that head the channels is

    of

    special

    interest

    in

    the

    monograph

    on

    men's suits.

    A detailed

    and

    original

    chart of

    the

    distri-

    bution channels

    for

    petroleum

    and

    its

    products

    serves as an

    excellent

    framework for

    organizing

    one's idea

    of

    the

    complex marketing system

    used

    for

    these

    products.

    The wide

    diversity

    of

    individual

    items in the shoe trade is shown

    to

    be

    the

    key problem

    of

    its

    trade

    channels. The

    chapter on Steel, although regrettably brief,

    gives

    a

    good

    prospective

    of the

    types

    of steel

    warehouses. The

    complexity,

    if not

    chaos,

    of

    textile

    channels

    is

    brought

    into

    orderly

    and

    un-

    derstandable

    arrangement

    in

    the treatment

    here,

    with

    an

    interesting

    section

    specially

    de-

    voted

    to

    the WHY of such

    channels.

    Finally,

    the

    women's

    apparel

    chapter

    draws

    a

    sharp,

    clear

    picture

    of the

    what ,

    how

    and

    why

    of

    trade

    channels for

    a

    high-fashion

    product.

    Part III

    covers channel

    policies

    and

    legisla-

    tion.

    Although

    the

    chapter (by

    Delbert

    J.

    Dun-

    can) of 36 pages that deals with the selection

    of

    channels covers

    for

    the most

    part

    a

    familiar

    terrain,

    it

    constitutes

    an

    excellent

    summary

    of

    the

    subject.

    The

    two

    chapters

    on

    Analytical

    doing

    this rather well

    in view

    of

    the inevitable

    limitations

    of

    space,

    although

    results

    do not

    run

    evenly,

    which

    is

    to be

    expected

    where the

    matter

    is

    the

    product

    of

    14

    different

    contribu-

    tors. The discussions are well supported by up-

    to-date statistics.

    And

    over

    half

    of the

    chapters

    contain

    carefully

    constructed charts

    portraying

    the

    marketing

    channels. The brief summaries

    at

    the end

    of

    many

    of

    the

    chapters

    are

    very

    helpful.

    The

    sweep

    of this

    part

    of

    the

    volume is

    so

    broad

    and

    its detail so

    variegated

    that we must

    be content with

    the

    briefest of

    remarks on

    se-

    lected

    high-spots

    of each contribution. The

    analysis

    of the dealer

    contract in the Automo-

    biles

    chapter

    is

    quite thorough.

    The chart

    of

    automobile tire channels is especially good and

    includes

    important

    quantitative

    data. The na-

    ture

    of S.A.P. orders

    and of

    canners'

    with-

    drawals

    is

    clearly

    established

    in the

    canned

    goods monograph.

    The

    chapter

    on Frozen Foods

    exemplifies

    a

    product

    that had

    to

    develop

    its

    channels

    in

    the

    face of keen

    competition

    while

    contending

    with

    the added burden

    of

    refriger-

    ation. The

    development

    of

    marketing

    channels

    for

    washing

    machines

    is

    shown

    to have

    passed

    through

    three

    distinct historical

    periods.

    The

    whole

    treatment

    of meat

    marketing

    channels

    is extraordinarily thorough (57 pages) for a vol-

    ume

    of

    this

    sort

    and

    contains

    a

    good

    section on

    marketing

    costs. The

    peculiar types

    of

    primary

    suppliers

    that head the channels is

    of

    special

    interest

    in

    the

    monograph

    on

    men's suits.

    A detailed

    and

    original

    chart of

    the

    distri-

    bution channels

    for

    petroleum

    and

    its

    products

    serves as an

    excellent

    framework for

    organizing

    one's idea

    of

    the

    complex marketing system

    used

    for

    these

    products.

    The wide

    diversity

    of

    individual

    items in the shoe trade is shown

    to

    be

    the

    key problem

    of

    its

    trade

    channels. The

    chapter on Steel, although regrettably brief,

    gives

    a

    good

    prospective

    of the

    types

    of steel

    warehouses. The

    complexity,

    if not

    chaos,

    of

    textile

    channels

    is

    brought

    into

    orderly

    and

    un-

    derstandable

    arrangement

    in

    the treatment

    here,

    with

    an

    interesting

    section

    specially

    de-

    voted

    to

    the WHY of such

    channels.

    Finally,

    the

    women's

    apparel

    chapter

    draws

    a

    sharp,

    clear

    picture

    of the

    what ,

    how

    and

    why

    of

    trade

    channels for

    a

    high-fashion

    product.

    Part III

    covers channel

    policies

    and

    legisla-

    tion.

    Although

    the

    chapter (by

    Delbert

    J.

    Dun-

    can) of 36 pages that deals with the selection

    of

    channels covers

    for

    the most

    part

    a

    familiar

    terrain,

    it

    constitutes

    an

    excellent

    summary

    of

    the

    subject.

    The

    two

    chapters

    on

    Analytical

    Approach

    to Channel

    Policies,

    one

    focusing

    on

    sales

    analysis

    (by

    Richard D.

    Crisp),

    and

    the

    other,

    on

    cost

    analysis

    (by

    Charles

    H.

    Sevin)

    contain

    several

    interesting

    short

    case

    problems.

    In the last chapter William F. Brown gives a

    well-drawn

    resume of federal

    legislation

    and

    its effects

    upon

    marketing

    channels.

    This volume

    should

    afford

    practical

    market-

    ing

    men

    with

    suggestions

    and clues

    for

    solving

    their own

    channel

    problems.

    It should broaden

    the

    horizon

    of

    many

    teachers of

    marketing, bring

    them

    up-to-date

    on channel

    problems,

    and

    af-

    ford them

    a

    wealth of illustrative

    material for

    the

    class-room. To the student it affords

    one

    of

    the best

    means

    of

    integrating

    his

    marketing

    knowledge, dealing

    as

    it does with the

    channel,-

    a mechanism that spans the entire gap between

    producer

    and consumer.

    Marketing

    Channels is in

    every

    way

    a

    worthy

    addition

    to

    the modest but

    distinguished

    list of

    general

    works

    sponsored

    by

    the American

    Mar-

    keting

    Association.

    RALPH F. BREYER

    University

    of

    Pennsylvania

    ANNUAL MARKETING ESEARCH

    CONFERENCE,

    1953,

    edited

    by

    Donald R. G.

    Cowan.

    (Ann

    Arbor: University of Michigan, Bureau of

    Business

    Research,

    Michigan

    Business

    Papers

    No.

    27.

    Pp.

    116.

    $2.00.)

    This

    group

    of

    papers,

    delivered at

    a

    confer-

    ence on

    marketing

    research

    at the

    University

    of

    Michigan,

    is

    designed

    to show

    how

    marketing

    research is

    an

    indispensable

    tool

    of

    business

    management.

    As

    such,

    marketing

    research is at-

    tempting

    to

    fill

    the

    gap

    between

    marketing

    as

    an

    art

    of business

    management

    gained through

    long

    apprenticeship

    and

    the

    marketing

    practices

    of

    today

    which

    depend

    to an

    increasing

    extent

    on

    research to provide measurements of the accept-

    ance of

    product

    characteristics,

    of the demand

    of

    various

    segments

    of

    the

    market,

    of

    the

    effective-

    ness

    of alternative

    methods of

    selling

    and

    adver-

    tising,

    and

    of

    expenses

    involved

    and

    profits

    to

    be

    gained

    in

    these alternatives.

    Measuring

    industrial

    consumers'

    inventories

    is

    presented

    by

    Bay

    Estes

    of

    U. S. Steel

    Corpora-

    tion

    to indicate how an

    inventory

    index was

    de-

    signed

    to

    show the

    amount of

    inventory

    that has

    been

    put

    into

    the

    pipeline

    between

    steel

    mills

    and

    manufactured

    end

    products.

    It

    involves a

    ratio between normal inventory and actual in-

    ventory

    in

    the steel

    consuming

    industries.

    The

    Inventory

    Index is

    merely

    an

    indicator

    of

    short

    term

    steel demand.

    It must be

    realized

    that un-

    Approach

    to Channel

    Policies,

    one

    focusing

    on

    sales

    analysis

    (by

    Richard D.

    Crisp),

    and

    the

    other,

    on

    cost

    analysis

    (by

    Charles

    H.

    Sevin)

    contain

    several

    interesting

    short

    case

    problems.

    In the last chapter William F. Brown gives a

    well-drawn

    resume of federal

    legislation

    and

    its effects

    upon

    marketing

    channels.

    This volume

    should

    afford

    practical

    market-

    ing

    men

    with

    suggestions

    and clues

    for

    solving

    their own

    channel

    problems.

    It should broaden

    the

    horizon

    of

    many

    teachers of

    marketing, bring

    them

    up-to-date

    on channel

    problems,

    and

    af-

    ford them

    a

    wealth of illustrative

    material for

    the

    class-room. To the student it affords

    one

    of

    the best

    means

    of

    integrating

    his

    marketing

    knowledge, dealing

    as

    it does with the

    channel,-

    a mechanism that spans the entire gap between

    producer

    and consumer.

    Marketing

    Channels is in

    every

    way

    a

    worthy

    addition

    to

    the modest but

    distinguished

    list of

    general

    works

    sponsored

    by

    the American

    Mar-

    keting

    Association.

    RALPH F. BREYER

    University

    of

    Pennsylvania

    ANNUAL MARKETING ESEARCH

    CONFERENCE,

    1953,

    edited

    by

    Donald R. G.

    Cowan.

    (Ann

    Arbor: University of Michigan, Bureau of

    Business

    Research,

    Michigan

    Business

    Papers

    No.

    27.

    Pp.

    116.

    $2.00.)

    This

    group

    of

    papers,

    delivered at

    a

    confer-

    ence on

    marketing

    research

    at the

    University

    of

    Michigan,

    is

    designed

    to show

    how

    marketing

    research is

    an

    indispensable

    tool

    of

    business

    management.

    As

    such,

    marketing

    research is at-

    tempting

    to

    fill

    the

    gap

    between

    marketing

    as

    an

    art

    of business

    management

    gained through

    long

    apprenticeship

    and

    the

    marketing

    practices

    of

    today

    which

    depend

    to an

    increasing

    extent

    on

    research to provide measurements of the accept-

    ance of

    product

    characteristics,

    of the demand

    of

    various

    segments

    of

    the

    market,

    of

    the

    effective-

    ness

    of alternative

    methods of

    selling

    and

    adver-

    tising,

    and

    of

    expenses

    involved

    and

    profits

    to

    be

    gained

    in

    these alternatives.

    Measuring

    industrial

    consumers'

    inventories

    is

    presented

    by

    Bay

    Estes

    of

    U. S. Steel

    Corpora-

    tion

    to indicate how an

    inventory

    index was

    de-

    signed

    to

    show the

    amount of

    inventory

    that has

    been

    put

    into

    the

    pipeline

    between

    steel

    mills

    and

    manufactured

    end

    products.

    It

    involves a

    ratio between normal inventory and actual in-

    ventory

    in

    the steel

    consuming

    industries.

    The

    Inventory

    Index is

    merely

    an

    indicator

    of

    short

    term

    steel demand.

    It must be

    realized

    that un-

    10808

    THE

    JOURNAL

    OF MARKETINGHE

    JOURNAL

    OF MARKETING

    This content downloaded from 193.226.34.229 on Wed, 7 Jan 2015 10:34:30 AMAll use subject to JSTOR Terms and Conditions

    http://www.jstor.org/page/info/about/policies/terms.jsphttp://www.jstor.org/page/info/about/policies/terms.jsphttp://www.jstor.org/page/info/about/policies/terms.jsp
  • 8/10/2019 articol 2 mark

    3/3

    BOOK

    REVIEWS

    109

    OOK

    REVIEWS

    109

    less a

    satisfactory

    forecast

    of steel

    consumption

    is

    prepared,

    this

    knowledge

    of steel inventories

    in

    the hands

    of

    manufacturing

    consumers is

    of

    rela-

    tively

    little

    value.

    The role of

    motivational research

    in studying

    the

    psychological backgrounds

    for

    cigarette

    smoking

    is

    explained by

    Pierre Martineau.

    In

    his

    study,

    modifications

    of these

    projective

    tech-

    niques

    were

    used-Thematic

    Apperception

    Test,

    Sentence

    Completion

    Test,

    and Picture

    Associa-

    tion Test.

    These

    were

    used to

    try

    to

    explain

    the

    reasons

    why advertising

    efforts of

    cigarette

    man-

    ufacturers

    produce

    very

    little

    change

    in

    the

    share

    of

    market held

    by

    each. This

    article is

    an

    excellent

    explanation

    of

    the

    marketing

    research

    effort

    to

    get

    at

    the

    reasons

    why

    rather

    than

    a

    wholly quantitative approach

    to the

    brand

    pref-

    erences and

    smoking

    selection.

    Advertising

    Impact

    Research

    is

    discussed

    by

    Ralph

    M.

    Hagen

    who

    is

    a

    member

    of

    the

    firm

    that

    publishes

    research

    based

    on

    the

    special

    magazine

    called

    Impact.

    Historically

    he

    de-

    velops

    the

    stages

    through

    which

    advertising

    Impact

    research

    has

    passed

    with

    readership

    methods

    developed by

    Starch,

    Gallup,

    and

    others. This

    interesting

    paper gives

    an

    excellent

    treatment

    of

    the

    methods

    used

    by

    the

    Impact

    staff

    to

    evaluate

    the

    effectiveness

    of

    advertising

    by pretesting

    methods.

    In

    spite

    of

    promising

    re-

    sults

    with

    this

    method,

    Mr.

    Hagen

    cautiously

    re-

    minds

    readers that

    audience

    behavior

    is

    very

    complex

    and

    that

    much

    needs

    to

    be

    learned

    about it

    in

    the

    future.

    Radio

    and

    Television

    Audience

    Research

    is

    handled

    by

    the

    pioneer

    of

    this

    work-Arthur

    C.

    Nielson.

    He

    bases

    his case

    for

    the

    need

    of

    mar-

    keting

    research

    upon

    the

    fact

    that

    the

    Nielson

    Company

    has found

    that

    one

    of

    the

    elements

    contributing

    to the

    high

    cost

    of

    marketing

    is

    the

    fact

    that

    only

    42%

    of the

    executive

    decisions

    on

    marketing

    are

    right

    or

    substantially right.

    This

    is a severe load

    on

    the

    manufacturer

    who

    must

    charge

    these

    failures

    to the

    consumer

    through

    higher

    prices.

    He

    mentions

    that

    radio

    and

    tele-

    vision

    research

    can

    and

    has

    done

    much

    to

    reduce

    this

    cost.

    Readers

    of

    the

    article

    will

    find

    that it

    is a

    very

    useful

    summary

    of

    the

    history

    and

    serv-

    ices of

    the

    A.

    C.

    Nielson

    Company.

    John

    L.

    Hammer

    and

    Richard

    M.

    Lawrence

    provide

    an

    interesting

    account

    of

    a

    soil

    condi-

    tioner

    marketing

    study

    that

    indicates

    the

    general

    magnitude

    of

    the

    market

    potential.

    From

    the

    survey,

    facts

    were

    obtained

    that indicated a size-

    able

    potential

    market

    for

    soil

    conditioners.

    No

    new

    basic

    techniques

    were

    developed

    in

    the

    study;

    the

    work is

    notable

    for

    its

    thoroughness.

    less a

    satisfactory

    forecast

    of steel

    consumption

    is

    prepared,

    this

    knowledge

    of steel inventories

    in

    the hands

    of

    manufacturing

    consumers is

    of

    rela-

    tively

    little

    value.

    The role of

    motivational research

    in studying

    the

    psychological backgrounds

    for

    cigarette

    smoking

    is

    explained by

    Pierre Martineau.

    In

    his

    study,

    modifications

    of these

    projective

    tech-

    niques

    were

    used-Thematic

    Apperception

    Test,

    Sentence

    Completion

    Test,

    and Picture

    Associa-

    tion Test.

    These

    were

    used to

    try

    to

    explain

    the

    reasons

    why advertising

    efforts of

    cigarette

    man-

    ufacturers

    produce

    very

    little

    change

    in

    the

    share

    of

    market held

    by

    each. This

    article is

    an

    excellent

    explanation

    of

    the

    marketing

    research

    effort

    to

    get

    at

    the

    reasons

    why

    rather

    than

    a

    wholly quantitative approach

    to the

    brand

    pref-

    erences and

    smoking

    selection.

    Advertising

    Impact

    Research

    is

    discussed

    by

    Ralph

    M.

    Hagen

    who

    is

    a

    member

    of

    the

    firm

    that

    publishes

    research

    based

    on

    the

    special

    magazine

    called

    Impact.

    Historically

    he

    de-

    velops

    the

    stages

    through

    which

    advertising

    Impact

    research

    has

    passed

    with

    readership

    methods

    developed by

    Starch,

    Gallup,

    and

    others. This

    interesting

    paper gives

    an

    excellent

    treatment

    of

    the

    methods

    used

    by

    the

    Impact

    staff

    to

    evaluate

    the

    effectiveness

    of

    advertising

    by pretesting

    methods.

    In

    spite

    of

    promising

    re-

    sults

    with

    this

    method,

    Mr.

    Hagen

    cautiously

    re-

    minds

    readers that

    audience

    behavior

    is

    very

    complex

    and

    that

    much

    needs

    to

    be

    learned

    about it

    in

    the

    future.

    Radio

    and

    Television

    Audience

    Research

    is

    handled

    by

    the

    pioneer

    of

    this

    work-Arthur

    C.

    Nielson.

    He

    bases

    his case

    for

    the

    need

    of

    mar-

    keting

    research

    upon

    the

    fact

    that

    the

    Nielson

    Company

    has found

    that

    one

    of

    the

    elements

    contributing

    to the

    high

    cost

    of

    marketing

    is

    the

    fact

    that

    only

    42%

    of the

    executive

    decisions

    on

    marketing

    are

    right

    or

    substantially right.

    This

    is a severe load

    on

    the

    manufacturer

    who

    must

    charge

    these

    failures

    to the

    consumer

    through

    higher

    prices.

    He

    mentions

    that

    radio

    and

    tele-

    vision

    research

    can

    and

    has

    done

    much

    to

    reduce

    this

    cost.

    Readers

    of

    the

    article

    will

    find

    that it

    is a

    very

    useful

    summary

    of

    the

    history

    and

    serv-

    ices of

    the

    A.

    C.

    Nielson

    Company.

    John

    L.

    Hammer

    and

    Richard

    M.

    Lawrence

    provide

    an

    interesting

    account

    of

    a

    soil

    condi-

    tioner

    marketing

    study

    that

    indicates

    the

    general

    magnitude

    of

    the

    market

    potential.

    From

    the

    survey,

    facts

    were

    obtained

    that indicated a size-

    able

    potential

    market

    for

    soil

    conditioners.

    No

    new

    basic

    techniques

    were

    developed

    in

    the

    study;

    the

    work is

    notable

    for

    its

    thoroughness.

    A

    marketing

    research

    conference

    would

    hardly

    be

    complete

    without a

    discussion

    on

    the

    marketing

    research

    techniques

    useful

    in

    measur-

    ing

    market

    potentials

    and

    salesmen's

    perform-

    ance.

    T.

    R. Hancock does this job by showing

    the

    way

    in

    which

    an

    Index of

    Potential

    Business,

    an

    Index

    of

    Sales

    Performance,

    and

    a

    Market

    Coverage

    Index

    were

    correlated

    to

    provide

    a

    means of

    expanding

    outlets

    and

    preventing

    the

    perpetuation

    of

    substandard

    performance

    that

    is

    apt

    to

    arise

    when

    one

    bases

    quotas

    on

    past

    ex-

    perience

    alone.

    This

    article

    should

    be

    of

    use

    to

    sales

    managers

    who

    need a

    good

    quantitative

    approach

    to

    sales

    quotas

    and

    performance

    rec-

    ords

    of

    salesmen

    and

    distributors.

    Under

    the

    heading

    of

    Distribution

    Economics,

    Dwight

    F.

    Benton, gives an account of the ways

    in

    which

    marketing

    research

    has

    been

    employed

    by

    Standard

    Oil

    to

    do

    more

    of

    what

    people

    like

    and

    less of

    what

    people

    dislike.

    In

    addition,

    he

    discusses

    the

    role of

    economic

    research

    in

    fore-

    casting

    work,

    product

    budgets,

    and

    transporta-

    tion

    and

    manufacturing

    operations.

    This

    article

    does

    not

    reveal

    anything

    that is

    fundamentally

    new

    to

    marketing

    research

    activities.

    John

    W.

    Boatwright

    describes

    the

    ways

    in

    which

    analysis

    and

    findings

    have

    been

    used

    by

    the

    Standard

    Oil

    Company

    in

    formulating

    com-

    pany policies.

    The

    use

    of attitude studies to

    throw

    some

    light

    on

    interpersonal

    relationships

    between

    the

    company

    and

    its

    millions of

    cus-

    tomers

    is

    fully

    discussed.

    No

    techniques

    are

    dis-

    cussed

    in

    detail;

    hence,

    this

    section

    is

    perhaps

    of

    only

    general

    interest

    to

    professional

    marketing

    research.

    Merle

    Hostetler and

    D. R.

    G.

    Cowan

    cover

    the

    business

    situation

    and

    outlook.

    Hostetler

    fore-

    casts

    on

    the

    basis of

    national

    statistics,

    whereas

    Cowan

    reports

    on

    a

    survey

    he

    had

    made

    of

    a

    substantial

    number

    of

    business

    firms

    and

    their

    outlook

    on

    the

    future.

    Conditions that have

    come

    to

    pass

    indicate

    that

    the

    predictions

    were

    not

    far

    from

    actualities.

    On

    the

    whole,

    this

    is

    a

    very

    useful

    report

    on

    marketing

    research

    as

    a

    tool

    of

    management,

    and

    Prof.

    Cowan

    deserves

    much

    credit

    for

    the

    part

    he

    played

    in

    organizing

    the

    conference

    and

    edit-

    ing

    the

    papers.

    A

    marketing

    research

    conference

    would

    hardly

    be

    complete

    without a

    discussion

    on

    the

    marketing

    research

    techniques

    useful

    in

    measur-

    ing

    market

    potentials

    and

    salesmen's

    perform-

    ance.

    T.

    R. Hancock does this job by showing

    the

    way

    in

    which

    an

    Index of

    Potential

    Business,

    an

    Index

    of

    Sales

    Performance,

    and

    a

    Market

    Coverage

    Index

    were

    correlated

    to

    provide

    a

    means of

    expanding

    outlets

    and

    preventing

    the

    perpetuation

    of

    substandard

    performance

    that

    is

    apt

    to

    arise

    when

    one

    bases

    quotas

    on

    past

    ex-

    perience

    alone.

    This

    article

    should

    be

    of

    use

    to

    sales

    managers

    who

    need a

    good

    quantitative

    approach

    to

    sales

    quotas

    and

    performance

    rec-

    ords

    of

    salesmen

    and

    distributors.

    Under

    the

    heading

    of

    Distribution

    Economics,

    Dwight

    F.

    Benton, gives an account of the ways

    in

    which

    marketing

    research

    has

    been

    employed

    by

    Standard

    Oil

    to

    do

    more

    of

    what

    people

    like

    and

    less of

    what

    people

    dislike.

    In

    addition,

    he

    discusses

    the

    role of

    economic

    research

    in

    fore-

    casting

    work,

    product

    budgets,

    and

    transporta-

    tion

    and

    manufacturing

    operations.

    This

    article

    does

    not

    reveal

    anything

    that is

    fundamentally

    new

    to

    marketing

    research

    activities.

    John

    W.

    Boatwright

    describes

    the

    ways

    in

    which

    analysis

    and

    findings

    have

    been

    used

    by

    the

    Standard

    Oil

    Company

    in

    formulating

    com-

    pany policies.

    The

    use

    of attitude studies to

    throw

    some

    light

    on

    interpersonal

    relationships

    between

    the

    company

    and

    its

    millions of

    cus-

    tomers

    is

    fully

    discussed.

    No

    techniques

    are

    dis-

    cussed

    in

    detail;

    hence,

    this

    section

    is

    perhaps

    of

    only

    general

    interest

    to

    professional

    marketing

    research.

    Merle

    Hostetler and

    D. R.

    G.

    Cowan

    cover

    the

    business

    situation

    and

    outlook.

    Hostetler

    fore-

    casts

    on

    the

    basis of

    national

    statistics,

    whereas

    Cowan

    reports

    on

    a

    survey

    he

    had

    made

    of

    a

    substantial

    number

    of

    business

    firms

    and

    their

    outlook

    on

    the

    future.

    Conditions that have

    come

    to

    pass

    indicate

    that

    the

    predictions

    were

    not

    far

    from

    actualities.

    On

    the

    whole,

    this

    is

    a

    very

    useful

    report

    on

    marketing

    research

    as

    a

    tool

    of

    management,

    and

    Prof.

    Cowan

    deserves

    much

    credit

    for

    the

    part

    he

    played

    in

    organizing

    the

    conference

    and

    edit-

    ing

    the

    papers.

    University of

    Illinois

    niversity of

    Illinois

    HUGH

    G.

    WALES

    UGH

    G.

    WALES

    GEORGE

    N. PEEK

    AND

    THE

    FIGHT

    FOR

    FARM

    PARITY,

    by Gilbert C. Fite. (Norman: Univer-

    sity

    of

    Oklahoma

    Press,

    1954.

    Pp.

    306.

    $4.00.)

    While

    much

    has

    been

    written

    elsewhere

    about

    the

    farm

    parity

    concepts,

    this

    is

    the

    only

    com-

    GEORGE

    N. PEEK

    AND

    THE

    FIGHT

    FOR

    FARM

    PARITY,

    by Gilbert C. Fite. (Norman: Univer-

    sity

    of

    Oklahoma

    Press,

    1954.

    Pp.

    306.

    $4.00.)

    While

    much

    has

    been

    written

    elsewhere

    about

    the

    farm

    parity

    concepts,

    this

    is

    the

    only

    com-

    BOOK

    REVIEWS

    OOK

    REVIEWS

    10909

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