Assignment for Friday

1. Research the three types of risk (economic, natural, and human) Writing down what each part represents and give an example.


Economic risks represents risks that result from changes in overall business conditions.

• Example:this store bought more summer styles than its customers wanted and now has to sell them at prices near cost to make room fro the fall lines.

Natural risks represents risks that are caused by natural occurrences.

• Example: earthquakes and fires, unexpected weather conditions as well as catastrophes, such as hurricanes.

Human risks represents risks caused by human mistakes or dishonestly, or other risks that can be controlled by humans.

• Example: training in the use of potentially dangerous machinery is an important party of managing safety risks.
  

2. How do they protect against each risk from the aspect of a business owner or entrepreneur.

Economic risk:laws that require businesses to pay for such things as special licenses or permits,street and sewer improvements, environmental clean-ups, parking, and general upkeep.


Natural risk: Installing smoke detectors, portable fire extinguishers, and automatic sprinklers/


Human risk:individuals may also penetrate the security of computer systems to gain access or information for mischievous or criminal purposes. Securing the computer network using passwords, encoded firewall programs, and virus detectors.


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

How much money per year do businesses lose through theft and employee error is


b. What is the majority age of shoplifters


The majority age of shoplifters is under 21 but probably around 15. The teens years.


c. What is the average theft amount per incident?

The average theft amount per incident is because you don't won't to take something that is big and they will recognized.



d. What is source tagging

Source tagging is the process in which disposable anti-shoplifting lables are incoporated within the merchandise during the manufacturing,packaging process.

e. What are the three major retailers that are using source tagging

Three major retailers that are using source tagging are

f. Find another article on retail theft and name it. Also, write a short paragraph summary of the article illustrating the main points.

g. Why do you think people shoplift?

• peer pressure


• the adrenaline rush


• they can't afford it


• they want attention

h. What are the advantages for a retailers using source tagging?

The advantages for a retailers using source tagging is

i. Do you think About retail industry would be a good source for information for a business owner. Who or why not?

yes, because it has a lot of good information about, if your looking