[The Iron Heel by Jack London]@TWC D-Link book
The Iron Heel

CHAPTER VIII
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With a large business there is always less waste and greater efficiency." "And your branch store absorbed the profits of the three small ones.

I see.

But tell me, what became of the owners of the three stores ?" "One is driving a delivery wagon for us.

I don't know what happened to the other two." Ernest turned abruptly on Mr.Kowalt.
"You sell a great deal at cut-rates.* What have become of the owners of the small drug stores that you forced to the wall ?" * A lowering of selling price to cost, and even to less than cost.

Thus, a large company could sell at a loss for a longer period than a small company, and so drive the small company out of business.


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