risk//industry//Friday!

1. Research the three types of risk (economic, natural, and human) Writing down what each part represents and give an example.
*an economic risk Is the danger that an economy could against your investment., and example would be a real estate company in a preiod of high intrest rates.
*a natural risk is probablitly of harm to human health, property, or the invironment posed by an aspect of the physical world other than any human, and an example would be living in the bahamas knowing there will be huricans, your taking a "Natural being the hurican" risk.
*a human risk is the degree of likelihood that one or more exposures to a hazardous substance may have damaged or will damage the health of the exposed person(s) and an example would be going to "The Hood" knowing you could get shot") haha,
2. How do they protect against each risk from the aspect of a business owner or entrepreneur.
*economicaly you could make sure the economy dosn't or couldn't affect you in any way, so you could change that if you knew it could before hand. Naturaly make sure your business is not in a place that it could get harmed make sure its safe, and humanicaly make sure your employees are trained on the equipment so they dont get hurt.
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
* 10 to 150 billion dollars a year
b. What is the majority age of shoplifters
* 17 and younger
c. What is the average theft amount per incident
*$200.00
d. What is source tagging
*Source tagging is the embedding of disposable RF security labels at either the point of manufacture or packaging.
e. What are the three major retailers that are using source tagging
*Pep boys, Food Lion, and ADT
f. Find another article on retail theft and name it. Also, write a short paragraph summary of the article illustrating the main points.
* "
LAKELAND Law enforcement arrest teams throughout Central Florida today served five search warrants and arrested up to 18 people related to a multi-million dollar retail theft ring and fencing operation involving health, beauty and cosmetic products and over-the-counter medicines, according to the Polk County Sheriff's Office.
Each of the suspects is being charged with one count of felony racketeering, which carries a maximum penalty of 30 years in prison, and one count of felony conspiracy to commit racketeering, which carries a maximum penalty of 15 years in prison.
“What started as a simple shoplifting investigation turned into the discovery of a far flung criminal conspiracy that counted on common street criminals to steal millions of dollars of merchandise to supply other criminals selling on the Internet and in flea markets. Because of our talented investigators and team work with multiple agencies, these thieves and criminal resellers will be going away to prison for a long, long time,” Sheriff Grady Judd said.
The arrests come at the end of a seven-month long investigation that began June 26 when Rita Maddox, currently in the Hillsborough County Jail, and Elisha Cordle of Dover were arrested by Polk County Sheriff’s Office deputies for stealing about $4,500 in merchandise, mainly Oil of Olay products, from the Shepherd Road Publix in Lakeland, according to the Sheriff's Office.
The initial investigation into the retail theft revealed that the suspects were part of a larger organized criminal enterprise that operated in multiple jurisdictions.
The investigation further uncovered that the theft and fencing operation had been operating for about five years and is linked to retail loss statewide, the Sheriff's Office said. "
g. Why do you think people shoplift?
* because they dont have enough money to buy it so they have to steal it, the way i look at it tho is if you dont have enough money to buy it then you dont need it.
h. What are the advantages for a retailers using source tagging?
* Retailers, who represented 97 percent of the chain drug store market, and leading consumer packaged goods manufacturers met to collaborate on source-tagging solutions that will enable them to ensure solid in-stock positions, maximize inventory turns and reduce shoplifting losses. The day-long interactive workshop included presentations by representatives from CVS, Rite Aid, GlaxoSmithKline and Gillette. Discussions covered a wide range of topics, from addressing pseudoephedrine legislation to maximizing EAS alarm information to making the transition to EPC/RFID.
i. Do you think About retail industry would be a good source for information for a business owner. Who or why not?
no, because i couldnt really find anything on it.