Responsibilities needed in a job at Michael's craft and art store,
2006-06-22 08:56:19 · 3 answers · asked by rjw_ga_peach 1 in Arts & Humanities ➔ Other - Arts & Humanities
To be aware of the profit margin of different products and be active in avoiding losses or "shrinkage"
2006-06-22 09:00:29 · answer #1 · answered by korbbec 4 · 0⤊ 1⤋
Shrink is not only shoplifting. Shrink is known loss, items that are to be thrown out due to damage, poor quality or overstock. This all goes against your bottom line. Ways of controlling shrink would be careful handling, watch for quality issues (if you're stocking something and notice inferior quality, send it back and get credit rather than attempt to sell it and end up shrinking it out), careful ordering, etc.
2006-06-22 09:16:12 · answer #2 · answered by margarita 7 · 0⤊ 0⤋
"Margin" roughly translates "Profit".
"Shrink" roughly translates "shoplifting".
The prospective employer wants you to be preventing shoplifting so that you can maximize company profits. Shoplifting cuts directly out of the profit.
2006-06-22 09:00:52 · answer #3 · answered by Anonymous · 0⤊ 0⤋