Shoplifting, check fraud, and counterfeiting are example of this.
What is external theft
100
Standard procedures that help reduce losses in the store
What are security policies
100
A dishonest act committed by people who are not affiliated with the store.
What is external theft
100
This occurs when stock is visually inspected or counted to determine the quantity on hand
What is physical inventory
100
Product, place, price, and promotion are the parts to this.
What is the marketing mix
200
This is used when there are blind spots in the store.
What are security mirrors.
200
Outlines safety procedures to be followed by employees
What is accident management program
200
This occurs when a person assuming the role of customer steals merchandise from a retail store.
What is shoplifting
200
These people keep track of inventory
What is a manager/employees
200
inform, persuade, and remind are key in this.
What is promotion
300
Inventory shrinkage and sweethearting are examples of what?
What is internal theft.
300
This includes anything that provides protection for an enterprise and its property
What is store security
300
A strategy limiting the number of customers in the business and allows the store employees to adequately observe sales transactions.
What is crowd control
300
A system that tracks the number of items in the store on a consistent basis.
What is perpetual inventory
300
Psychographics and demographics are both part of this.
What is market segmentation
400
Used to ensure correct prices on merchandise
What is pricing equipment
400
These two things should be done by employees and customers when an incident has occurred.
What is report safety problems promptly and follow emergency procedures
400
A dishonest act committed by a store employee.
What is internal theft.
400
A comparison of the perpetual inventory and physical inventory to find any discrepancies
What is inventory check
400
Advertising, and sales promotion are part of this.
What is the promotional mix
500
Responsible for preventing shoplifting or theft of merchandise by employees.
What is loss prevention/security
500
These three things should be done to prevent internal theft.
What is employees should not process their own sales transactions. Employees should not purchase merchandise while working. Employee purchases should be verified by a manager.
500
This is also known as merchandise shortage and is the difference between the recorded inventory and the actual physical inventory caused by internal and external theft, human error, or damaged merchandise.
What is inventory shrinkage
500
Securing equipment by locking up or putting equipment in a secure area is part of this.