1. Research the three types of risk (economic, natural, and human) Writing down what each part represents and give an example.
Economic- Economic represents money. Example: the economy.
Natural- Natural represents something that is made from the ground. Example: corn.
Human- Human is the peope around you. Example: Barack Obama.
2. How do they protect against each risk from the aspect of a business owner or entrepreneur? They protect against each risk by revewing all of their income, how how much of that money goes out, and if their is some money that is getting lost then they have to go over their reviews and find the reason for the money being lost. They also can monitor how much of their money goes places. To protect their business from an entrepreneur is knowing how much money you have and if you come across an entrepreneur make sure you do not give out large amounts to them because they might take your money.
3. Have them find the website for About Retail Industry. It is part of the About.com network. And answer the specific questions here:
a. How much money per year do businesses lose through theft and employee error? $2,500
b. What is the majority age of shoplifters? The majority age of shoplifters is early teens.
c. What is the average theft amount per incident?$50 billion
d. What is source tagging?The process in which disposable anti-shoplifting labels are incorporated within the merchandise during the manufacturing.
e. What are the three major retailers that are using source tagging?Sensormatic, ADT, Ipod
f. Find another article on retail theft and name it. Also, write a short paragraph summary of the article illustrating the main points.Retail Loss Prevention Manager Job Profile:
The managers are responsible for the minimizing of the financial loss of their company. That includes theft, and vandilizing. They want to prevent the theft, and the vandilizing. In doing so they are trying to set up programs on how to prevent ways of theft, and vandilizing.
g. Why do you think people shoplift? I think people shoplift because they want something that they don't have and they think it is fun to go and get that and get away with it.
h. What are the advantages for a retailers using source tagging? They can get more money, and they also can get more customers.
i. Do you think About retail industry would be a good source for information for a business owner. Who or why not? I do think it will be a good source, they are making money off of them, adn their business is going good so they should keep doing it.