Topic: Retail Shrinkage
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Answers to Common Questions
What does shrinkage means in retail?
Shrinkage is the difference between the stock on the inventory book and the actual physical stock. Shrinkage is also deifned as the difference between the value ( retail price ) of the stock on the inventory book and the value of the ( reta... Read More »
Source: http://wiki.answers.com/Q/What_is_shrinkage_in_supermarket
How to compute loss from shrinkage at cost and at retail?
Two accounts are used - There will be a merchandise account and create an Expense due to Shrinkage Account if an asset of $100 is lost due to shrinkage credit the merchandise account, debit the loss due shrinkage account after that in incom... Read More »
Source: http://wiki.answers.com/Q/How_to_compute_loss_from_shrinkage_at_c...
What is the importance of shrinkage and margin control in a retai...
Shrink is simply "loss" everyone knows the importance there. Margin control is simply balancing level of profits. Profit maxization is the fundamental objective. Keep it high for personal profit but not to high to balance volume of customer... Read More »
Source: http://answers.yahoo.com/question/index?qid=20090205130224AA71hDa
More Common Questions
Answers to Other Common Questions
Definition : A reduction in inventory due to shoplifting, employee theft, paperwork errors and supplier fraud. Also Known As: Loss, Shortage.
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Source: http://www.chacha.com/question/what-does-the-term-shrinkage-mean-...
A reduction in inventory due to shoplifting, employee theft, paperwork errors and supplier fraud. Retailers can reduce inventory shrinkage by implementing a loss prevention plan.
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Source: http://retail.about.com/od/glossary/g/shrinkage.htm
