Business Terms and Jargon Explained

What is Shrinkage

This is loss of goods through shoplifting and other types of stealing within a business. This should be a very small amount and management strives to reduce this to zero. In some industry e.g. retail, it is realistic in large operations to cater for a very small percentage.

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Procurement Deed of assignment Merger
Per minas Ex gratia In delicto
Registry County Court VRN
Sub-Division Res Zombie Fund
N265 Civil Court form Overdraft Giffen goods
N266 Civil Court form Corporate Officers Company Law
Management buyout Whistleblower Naira
Cloud computing Calculated risk Dong
Complaint Credit Institution Arbitration
Quartile Notice board terms of use IPT
Digital Signature N349 Civil Court form Writ
Stock losses Automatic trade Contingent Discount
Charge Certificate Ex post facto SHA256

Term created / updated 2006-11-01 23:40:30

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