Fundamentals of Business

Shoplifting

Shoplifting is a specific type of theft, with products taken from retail shops without paying. Items popular with shoplifters include cigarettes, alcoholic beverages, and fashionable clothing.

Motor vehicle theft is a common form of property crime, often perpetrated by youths for joyriding. About 15-20% of motor vehicle thefts are committed for their auto parts or with intent of reselling them on the black market. Crime prevention and target hardening measures, such as car alarms and ignition locks, have been effective deterrents against motor vehicle theft, as have been practices such as etching VINs on car parts.

Arson
Arson involves any intentional fire setting or attempting to set fire.

Counterfeit is an imitation that is made usually with the intent to deceptively represent its content or origins. The word counterfeit most frequently describes forged currency or documents, but can also describe clothing, software, electronic stock shares or certificates, pharmaceuticals, watches, or more recently, cars and motorcycles, especially when this results in patent infringement or trademark infringement.

Impact on society
Some of the ill effects that counterfeit money has on society are:
Reduction in the value of real money
Increase in prices (inflation) due to more money getting circulated in the economy
Decrease in the acceptability (satisfactoriness) of money
Companies are not reimbursed for counterfeits. This forces them to increase prices of commodities

Computer crime Computer crime, cyber crime, e-crime, hi-tech crime or electronic crime generally referrers to criminal activity where a computer or network is the tool, target, or place of a crime.

Example Hacking, Internet Fraud, Cyber terrorism

Costs of crime
Extract from Home Office website (http://www·homeoffice·gov·uk/crime crime-victims/reducing reducing-crime/busines business-retail retail-crime/)
The cost of business crime:
√ Facts & figures the British retail consortium suggests that retail crime costs every household in the UK and extra £90 each year on their shopping bills
√ 75% of retailers and 50% of manufacturers experienced at least one crime in the previous year, according to the Commercial Victimisation Survey (2002).
√ Overall, the risk of crime to retailers and manufacturers was lower comparing the results of the 2002 survey with those of the previous survey in 1994.
√ 75% were seriously worried about crime and the effect on their businesses a survey by the British Chambers of Commerce estimated that crime costs businesses £19 billion annually annually!