BUSINESS ADMINISTRATION
MARKETING MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Shrinkage
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Employee Theft
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Shoplifting
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Robbery
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Detailed explanation-1: -Shoplifting is distinct from burglary (theft by breaking into a closed store), robbery (stealing by threatening or engaging in violent behavior), or armed robbery (stealing by using a weapon).
Detailed explanation-2: -External Theft is most often caused by shoplifting, break-ins, robberies or other acts by persons with no connection to the store.
Detailed explanation-3: -External theft is committed by someone outside your business. It could be a fraudulent product return, shoplifting, or a break-in. Tips for preventing external theft: Provide excellent customer service.
Detailed explanation-4: -Employees might steal products from you, whether to keep for themselves or to sell somewhere on the internet. One classic method for stealing products is to hide something in the trash when they take it out, which they will retrieve from the dumpster later.
Detailed explanation-5: -Internal theft is when an employee steals from their company, while external theft is someone outside the business stealing from the company.