Activator230822
Verified member
A Normal business is entitled to making profits and losses too. However we can minimise or prevent the occurrence of losses in the business.
Most businesses make losses through theft. This can be shoplifting ( theft made by customers) and also there is theft that is done by the employees. A business must therefore implement the right policies to curb theft of the business assets and merchandise by employing a good security services to man the business premises.
The business must also implement high detectives on its inventory system to make sure that it cannot incur losses from receiving understocked orders from the suppliers.
Also the business can suffer losses from administrative errors made by the cashier's by giving wrong change and balances to the customers.
The business should also maintain an effective inventory system that can make sure everything that is required by the customers are well stocked to avoid the losses through selling of stockouts.
Most businesses make losses through theft. This can be shoplifting ( theft made by customers) and also there is theft that is done by the employees. A business must therefore implement the right policies to curb theft of the business assets and merchandise by employing a good security services to man the business premises.
The business must also implement high detectives on its inventory system to make sure that it cannot incur losses from receiving understocked orders from the suppliers.
Also the business can suffer losses from administrative errors made by the cashier's by giving wrong change and balances to the customers.
The business should also maintain an effective inventory system that can make sure everything that is required by the customers are well stocked to avoid the losses through selling of stockouts.