Library of Congress: Status of Retail Activities
Abstract
The Senate Committee on Appropriations directed GAO to evaluate the viability of using profits from the Library of Congress retail activities to support other Library activities. Specifically, GAO was asked to evaluate the (1) potential for generating profits from Library retail activities and (2) policies and procedures for the control of products, licensing agreements, and use of the Library's logo. Also, GAO was asked to work in consultation with the Library to evaluate options and alternatives for generating profits from retail activities. During the preliminary stages of our study, GAO determined that the Library's planning activities were in a very preliminary state. Therefore, GAO agreed with your staff on the following objectives for our work: (1) determine the status of the Library's plans to achieve the goal of operating these retail activities for profit, including whether it has developed business plans, implemented accounting procedures, conducted marketing studies, and developed pricing policies for its retail operations, (2) identify the Library s current policies and procedures for the control of products, licensing agreements, and use of the Library's logo, and (3) analyze past financial performance of Library retail activities for profit potential.
Document Details
- Document Type
- Technical Report
- Publication Date
- Apr 29, 2002
- Accession Number
- ADA401024
Entities
People
- Jeanette M. Franzel
Organizations
- United States Government Accountability Office