Which term encompasses practices to ensure security and loss prevention in a business setting?

The term that best encompasses practices to ensure security and loss prevention in a business setting is "Loss Prevention." This concept includes a variety of strategies and methodologies specifically designed to deter theft, reduce inventory shrinkage, and promote a safe environment for employees and customers. Loss prevention focuses directly on minimizing financial losses that can occur due to theft, fraud, and internal risks, which are central concerns for businesses across various industries.

Loss prevention strategies may involve employee training, surveillance systems, inventory audits, and implementing procedures that help to decrease the likelihood of theft. Therefore, it is a specialized field within security practices that works toward the specific goal of protecting assets and ensuring the financial health of an organization.

While safety management, risk management, and emergency preparedness all play significant roles in an organization's overall security framework, they do not specifically target the prevention of loss in the same focused manner that loss prevention does. Safety management primarily deals with creating a safe work environment, risk management involves assessing and mitigating various types of risks an organization might face, and emergency preparedness focuses on planning for potential emergencies. Each has its own scope that may overlap with loss prevention, but does not encapsulate its specific objectives and practices.