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Larceny Research Paper

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In fact, burglary doesn’t even hit the radar when measuring inventory shrinkage in the US. What does hit the radar according to the holy grail of studies in the industry, the National Retail Security Survey by The University of Florida: #1 employee theft, #2 shoplifting #3 Administrative errors, #4 Unknown, and #5 Vendor fraud. So what is true loss prevention? Let’s look at what Wikipedia says: Retail loss prevention (in some retailers known as asset protection) is a form of private investigation into larceny or theft. The focus of such investigations generally includes shoplifting, package pilferage, embezzlement, credit fraud and check fraud. Loss prevention” or “LP” is used to describe a number of methods used to reduce the amount of

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