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Dumping obsolete products. (Golden Business Ideas).


At least once a year the accounting department should stick its nose into the marketing department and check to see whether the company has products that just continue to collect cobwebs cob·web  
n.
1.
a. The web spun by a spider to catch its prey.

b. A single thread spun by a spider.

2. Something resembling the web of a spider in gauziness or flimsiness.

3.
 in the warehouse.

And why would the company continue to offer such products? There are many reasons, including

* Someone in management is considered the "sponsor" of the product and would take offense if the organization dropped it.

* Marketing employees fear dropping the product would insult in·sult
n.
A bodily injury, irritation, or trauma.


insult Medtalk noun Any stressful stimulus which, under normal circumstances, does not affect the host organism, but which may result in morbidity, when it
 a customer and throw business to a competitor.

* It's considered a staple 1. (language) STAPLE - A programming language written at Manchester (University?) and used at ICL in the early 1970s for writing the test suites. STAPLE was based on Algol 68 and had a very advanced optimising compiler.
2.
 the business has always offered for sale.

It usually takes an outsider Outsider often refers to one identified as on the periphery of social norms, one living or working apart from mainstream society, or one observing a group from the outside, as used in:
  • Outsider Art, created by artists working outside the mainstream art world
, like a numbers-oriented accountant, to suggest deep-sixing such an obsolete product.
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No portion of this article can be reproduced without the express written permission from the copyright holder.
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Article Details
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Publication:Journal of Accountancy
Date:May 1, 2003
Words:111
Previous Article:Give orders correctly. (Golden Business Ideas).
Next Article:FASB revises derivatives guidance. (Highlights).



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