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Kunal Insa

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Loss Management in Business 1. Risk Assessment: Identify and evaluate potential risks. 2. Cost Control: Manage expenses to reduce unnecessary costs. 3. Insurance Coverage: Protect against unforeseen events. 4. Quality Management: Ensure high product/service standards. 5. Diversification: Spread business risks across products or markets. 6. Inventory Management: Avoid overstocking or understocking. 7. Legal Compliance: Follow laws to avoid fines or lawsuits. 8. Financial Planning: Budgeting and maintaining cash reserves. 9. Employee Training: Reduce mistakes through proper training. 10. Customer Service: Retain customers and reduce revenue loss

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