ENTREPRENEURIAL OPERATIONS
INVENTORY MANAGEMENT
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
Damage and shrinkage would most likely be found in which of these costs?
|
|
capital
|
|
|
risk
|
|
|
storage
|
|
|
service
|
Explanation:
Detailed explanation-1: -There are four main causes of shrinkage: shoplifting, employee theft, administrative errors, and fraud. Understanding how shrinkage happens in retail stores is the first step in reducing and preventing it.
Detailed explanation-2: -Shrinkage can occur because of shoplifting, employee theft, return fraud, administrative errors and operational loss.
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.
There is 1 question to complete.