Which of the following is the industry term for inventory and cash losses from shoplifting and employee theft?
A) bait-and-switch
B) anticonsumption
C) crowdsourcing
D) shrinkage
E) lifetime cost of a customer

Question

Quizplus · Accepted Answer

Shrinkage is the industry term used for inventory and cash losses resulting from shoplifting and employee theft. Bait-and-switch refers to a type of deceptive advertising tactic, anticonsumption refers to the belief or behavior that rejects consumerism, crowdsourcing refers to obtaining information or input into a task or project by enlisting the services of a large number of people, and lifetime cost of a customer refers to the total amount of money a business expects to receive from a customer throughout their lifetime.

Which of the Following Is the Industry Term for Inventory