Controlling Risks in Retail

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What does controlling risks in retail mean?
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Controlling risks involves implementing measures to reduce the impact or likelihood of identified risks.
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Give an example of a risk control measure in retail.
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Installing surveillance cameras to deter theft.
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What role does employee training play in risk control?
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Training employees equips them to recognize and appropriately respond to potential risks.
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Why is monitoring an essential part of risk control?
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Monitoring helps ensure that risk control measures are effective and allows for adjustments as needed.
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How does insurance help in controlling risks?
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Insurance transfers the financial burden of certain risks from the retailer to the insurance company.
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