Parker Department Stores has been hurt in recent months by a large inc

Parker Department Stores has been hurt in recent months by a large increase in shoplifting losses. Parker’s risk manager concluded that while the frequency of shoplifting losses was high, the severity is still relatively low.

What is (are) the appropriate risk management technique(s) to apply to this problem?
A) retention
B) loss prevention
C) transfer through insurance
D) avoidance

ANSWER

Answer: B