Question: Multiple Choice Question Identify the statement below that is the correct definition of shrinkage. Shrinkage is the term used to describe the diminished floor space

Multiple Choice Question
Identify the statement below that is the correct definition of "shrinkage".
Shrinkage is the term used to describe the diminished floor space that an inventory item has in a store.
Shrinkage is the discount received against the purchase price of merchandise.
Shrinkage is the term used to refer to the loss of inventory due to theft or deterioration.
Multiple Choice Question Identify the statement below that is the correct

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