What is a switched ticket?

A switched ticket refers to the process by which a lower-priced item is exchanged for a higher-priced item, typically by manipulating the price tags or the tickets associated with the items. This act often aims to deceive the retailer into believing that the more expensive item is being sold at a lower price, allowing the individual to purchase the higher-priced item for less than its actual value.

In the context of loss prevention and asset protection, understanding this concept is critical, as it highlights a potential method of theft or fraud that can be employed by dishonest customers. By swapping the price tags, individuals may exploit the store's pricing system, which can lead to significant losses for the retailer. Recognizing this tactic is essential for those involved in asset protection, as it aids in implementing measures to detect and prevent such fraudulent activities.