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NCJRS Abstract

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NCJ Number: 70708 Find in a Library
Title: How Loss Prevention Relates to Profit
Corporate Author: John V Dunigan Studios
United States of America
Date Published: 1974
Sponsoring Agency: John V Dunigan Studios
New York, NY 10010
Sale Source: John V Dunigan Studios
443 Park Avenue South
New York, NY 10010
United States of America
Language: English
Country: United States of America
Annotation: The relationship between loss prevention and profit is explained in this audio-tape cassette and slide program for sales personnel.
Abstract: Loss prevention is also known as securtiy, profit protection, or risk management. Losses are often a function of retail inventory shrinkage, which can result from employee thefts, customer thefts, or from errors in records. In the retail industry, the average amount of money which is presently surrendered to shrinkage is more than the average net profit. Loss prevention has a return to investment ratio which is higher than that of any other function in a company. When an item is stolen, not only the cost price is lost, but also money which has been invested in shipping, advertising, salaries, rent, and taxes. Although security personnel can help reduce losses, sales personnel can be most effective in preventing shrinkage. Individual points are illustrated through color slides. Other supplementary materials are not provided.
Index Term(s): Audiovisual aids; Business security; Cost/Benefit Analysis; Employee theft; Financial management; Retail business crimes; Shoplifting
Note: *This document is currently unavailable from NCJRS. Kit contains one cassette and one set of color slides
To cite this abstract, use the following link:
http://www.ncjrs.gov/App/publications/abstract.aspx?ID=70708

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