Discussion 2 week8

User Generated

Tvfryroregr

Business Finance

Description

Managing Inventory

  • Describe a retail business with which you are familiar and determine the most suitable means of inventory control. Provide specific examples to support your response.
  • For the same business, discuss what innovative steps you could take to deter employee theft and/or shoplifting.

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Explanation & Answer

Attached.

OUTLINE
INTRODUCTION
BODY
CONCLUSION
REFERENCE


RETAIL INVENTORY MANAGEMENT

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Running Header: RETAIL INVENTORY MANAGEMENT

2

Inventory is an essential part of a retail business operation. The stock is an asset to a retail
business estimated at 50% of its total inventory. The Inventory has several costs associated with
it, namely; capital cost of acquiring the inventory, service costs-taxes and insu...


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