Shoplifting and its affects on the economy
Shoplifting And Its Effects on Businesses
Business Law I
Outline
I. How does shoplifting affect the Economy?
A. When company loses revenue due to shoplifting it affects the economy because retailers are forced to raise prices.
B. Small businesses are often forced to close due to theft and loss of revenue.
II. What are some preventive methods use to prevent shoplifting?
A. Enforce the law
B. Install security systems
C. Be alert and conscious of suspicious looking customers
III. Visual alerts of suspicious customers
A. Customers wearing large jackets or coats
B. Those carrying big purses or large duffle bags
C. Baggy clothes
IV. Conclusion
A. Shoplifting is on the rise
B. Unemployment rates increasing
Shoplifting and Its Effect on the Economy
Shoplifting has become one of the most prevalent crimes in the Unites states averaging about 550,000 incidents per day resulting in more than 13 billion worth of goods stolen each year according to the National Association of Shoplifting Prevention. Crime rates of shoplifting are increasing dramatically based on increasing unemployment rates (NASP). There are many different ways that business owners can protect themselves and prevent shoplifting. The following questions will address focal points about solutions and strategies to prevent shoplifting.
1. How does shoplifting affect the economy?
2. What are some preventive methods used to prevent shoplifting?
3. What are some visual alerts that the customer may be a shoplifter?
Shoplifting is one of the most invaluable crimes that businesses face today. When merchandise is stolen and revenue is lost, some retailers are forced to raise their prices (Lashon Fryer). Shoplifting is big business for business owners. Small businesses are sometime not able to withstand the loss from theft and are forced to close due to profit loss. The rate of thefts increases based on several economical downfalls such as, more
Business Law I
Outline
I. How does shoplifting affect the Economy?
A. When company loses revenue due to shoplifting it affects the economy because retailers are forced to raise prices.
B. Small businesses are often forced to close due to theft and loss of revenue.
II. What are some preventive methods use to prevent shoplifting?
A. Enforce the law
B. Install security systems
C. Be alert and conscious of suspicious looking customers
III. Visual alerts of suspicious customers
A. Customers wearing large jackets or coats
B. Those carrying big purses or large duffle bags
C. Baggy clothes
IV. Conclusion
A. Shoplifting is on the rise
B. Unemployment rates increasing
Shoplifting and Its Effect on the Economy
Shoplifting has become one of the most prevalent crimes in the Unites states averaging about 550,000 incidents per day resulting in more than 13 billion worth of goods stolen each year according to the National Association of Shoplifting Prevention. Crime rates of shoplifting are increasing dramatically based on increasing unemployment rates (NASP). There are many different ways that business owners can protect themselves and prevent shoplifting. The following questions will address focal points about solutions and strategies to prevent shoplifting.
1. How does shoplifting affect the economy?
2. What are some preventive methods used to prevent shoplifting?
3. What are some visual alerts that the customer may be a shoplifter?
Shoplifting is one of the most invaluable crimes that businesses face today. When merchandise is stolen and revenue is lost, some retailers are forced to raise their prices (Lashon Fryer). Shoplifting is big business for business owners. Small businesses are sometime not able to withstand the loss from theft and are forced to close due to profit loss. The rate of thefts increases based on several economical downfalls such as, more
References: Budden, M. (1999). Preventing Shoplifting Without Being Sued, 177. Criminal Law (2006). Shoplifting and Its Consequences. www.criminallaw.com. Cronick, S. (2009). Shoplifting.48(7) 60-66. www.galileo.com. Dickerson, K. (2003). The Shoplifting Epidemic.13 (2), 393. www.gailieo.com. Fryer, L. How Does Shoplifting Affect The Economy? www.ehow.com. Georgia Department of Labor. (2012). www.dol.state.ga.us National Association For Shoplifting Prevention (2010). The Shoplifting Problem in the Nation. www.shopliftingprevention.org. Yarniv, G.(2009).Shoplifting monitoring and Price Determination. 38 (4), 608- 610. www.galileo.com.