BUSINESS ADMINISTRATION
MARKETING MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Theft, human error, technological errors, and damages are all a cause of ____
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Surplus
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Shortage
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Shrinkage
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Stock Turnover
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Explanation:
Detailed explanation-1: -What Are the Causes of Shrinkage? Shrinkage is caused from the loss of inventory due to shoplifting, administrative error, employee theft, vendor fraud, broken items, among others.
Detailed explanation-2: -Shoplifting or theft In 2020, shoplifting increased by 13 percent and is typically the largest contributor to retail shrinkage. Shoplifters could steal any product ranging in price so the impact can be highly variable.
Detailed explanation-3: -Shrinkage is an accounting term used to describe when a store has fewer items in stock than in its recorded book inventory. Factors contributing to shrinkage include employee theft, shoplifting, administrative errors, vendor fraud, product damage, and more.
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