ECO 211 Lecture Notes - Lecture 16: Walgreens, Shoplifting, Vertical Integration

• School: University of Miami
• Department: Economics
• Course: ECO 211
• Professor: Lorca Maria

Document Summary

Is shoplifting really that important of a problem: yes, inventory loss is about 2-3% of all sales, because profit margins tend to be between 3 and 15% Who should put the eas tags on: eas = electric article surveillance, 1. The retailer (retailer has a sense of ownership with the item) How can employees reduce shoplifting: increase customer service they will be less likely to shoplift because they feel like they"re stealing from a friend. How has vertical integration helped them: 1. They control all aspects of design, manufacturing and distribution: 2. What characteristics differentiate them in men"s apparel: 1. Competitive environment in men"s apparel: 1. A desired store in shopping malls because its market is adult males (which no one else does) Selection: interview prep behavioral interview = see how you respond to certain situations, managing the interview ask a lot of open ended questions. Legal issues when it comes to hiring: 1.