Answer:
Shoplifting refers to the act of stealing products from the store or a shop by the person who pretends to be a customer.
Employee theft refers to the act of stealing of goods by the employees from the workplace.
Retailers can reduce shrinkage from shoplifting by ensuring that there are no blind spots in the store and the customers can be seen from all the places. The retailers can make use of mirrors in order to offer adequate light to the entire store and make customers to believe that they are seen from every place. The fixtures and decorations in the store should be minimum so that there is increased visibility. Apart from this, the expensive and worthy items should be kept and displayed in a locked cabinet by the retailers.
Retailers can reduce shrinkage from employee theft by keeping a close eye over employees and recognizing potential signs of stealing. Employees should be asked to create bill for every merchandize sold at the store and the retailer should also install security cameras to keep an eye over the employees' actions. Proper management of inventory can also minimize shrinkage from employee theft as employees can be questioned for any unmatched inventory unavailable with the store.
Answer:
Training is very important at all three levels. Orientation serves to introduce new employees to the firm and its policies. It can help new hires to have a clear understanding of the retailer's programs and practices. In the formal, structure training program, new employees learn the basic skills and knowledge they'll need to do their jobs including company policies, how to use the point-of-sale terminals, basic selling skills, procedures for receiving merchandise, handling complaints, etc. On-the-job training translates this basic learning into practice: new employees are assigned a job, given responsibilities and coached by their supervisors. Because of the relative advantages of structured programs and on-the-job training, many retailers use a blended approach.
Answer:
Students should be encouraged to select a variety of questions for their role plays. Additionally, encourage them to remember the following: (1) word questions to require longer responses, (2) avoid leading questions, and (3) be an active listener. Evaluate the information being presented to sort out important and unimportant points.