Shrinkage in Retailing Refers to

question 337

Multiple Choice

Shrinkage in retailing refers to

• A)the declining number of small privately owned retail stores due to economic hard times.
• B)breakage,theft,and fraud by customers and employees.
• C)the percentage of inventory that is damaged or unsalable because of product failure.
• D)the loss of profits in clothing items that are returned because of inferior materials.
• E)polycarbonate packaging that encases products with a tamper-resistant plastic seal.

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Definitions:

Long-Term Outlook

A perspective or plan that focuses on future outcomes or results over an extended period.

Future Orientation

Future orientation is a mindset or cultural value that emphasizes planning, foresight, and consideration for future consequences in decision-making.

Concept of Time

A framework for understanding the sequence of events, the duration of events, and the intervals between them.

World Events

Significant occurrences or happenings around the globe, including political, social, economic, and natural events.