GK
MARKETING MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Select the 3 ways a business can reduce inventory shrinkage.
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Check inventory more often
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Prevent theft
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Taking physical inventory
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Don’t check figures
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Explanation:
Detailed explanation-1: -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.
Detailed explanation-2: -1.Shoplifting. This crime comes in many different forms, it includes both calculated frequent theft and opportunistic attacks on your profits that strike only once. 2.Employee Theft. 3.Return Fraud. 17-Feb-2020
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