Geography 2153A/B Study Guide - Midterm Guide: Cash Register, Embezzlement, Airbag
28 Jun 2016
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Retail system: setting where consumers purchase various types of products. The success of our economic system is tied to the success of the retail system. Internal theft has been linked to 30% of us business failures. Shrinkage: refer to the theft of goods in the retail industry. 36. 5 billion was lost to shrinkage in 2008. 15. 9 million was lost to employee theft in 2008. A 2008 study established that one out of every thirty workers were caught stealing from their workplace. Types of employee theft in the workplace includes: Overcharging: employees charge customers more than they should have. Shortchanging: employees do not give customers all of their change and pocket the difference. Coupon stuffing: employees steal coupons and use them later. Credits for nonexistent returns: employees give credit for returns to collaborators. Theft of production supplies and raw materials: employees steal items used to produce goods in retail settings.
