The term shrinkage is an industry term for:
A) the fragmentation of consumer needs caused by the Internet
B) reductions in waste resulting from product usage
C) inventory and cash losses due to shoplifting and employee theft
D) explaining why consumers purchase less products as they grow older
E) a North American consumer trend associated with paying less for products

Question

Quizplus · Accepted Answer

Shrinkage refers to the loss of inventory and cash due to factors like shoplifting, employee theft, and administrative errors in the retail industry.

The Term Shrinkage Is an Industry Term For