SHRINKAGE

Shrinkage

In financial accounting, the term inventory shrinkage is the loss of products between point of manufacture or purchase from supplier and point of sale. The term shrink relates to the difference in the amount of margin or profit a retailer can obtain. If the amount of shrink is large, then profits go down which results in increased costs to the consumer to meet the needs of the retailer.

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shrinkage

Noun

  1. The act of shrinking, or the proportion by which something shrinks.
  2. The loss of merchandise through theft, spoilage, and obsolescence.
  3. The reduction in size of the male genitalia when cold, such as from immersion in cold water.


The above text is a snippet from Wiktionary: shrinkage
and as such is available under the Creative Commons Attribution/Share-Alike License.

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