Loss prevention refers to the strategies and practices that businesses implement to reduce the risk of loss due to theft, fraud, or other factors. This can include measures such as surveillance systems, employee training, and inventory management. The goal is to protect assets and minimize financial losses. Effective loss prevention not only safeguards physical goods but also enhances customer trust and employee morale. By creating a secure environment, businesses can improve their overall efficiency and profitability. Common techniques include security audits, access control, and data protection to ensure that both tangible and intangible assets are well-protected.