NRF Retail Industry Fundamental Specialist Certification Practice Exam

The term that encompasses practices designed to minimize preventable losses, such as theft and breakage, is indeed Asset Protection. This concept is crucial in the retail industry, as it focuses on safeguarding a retailer's resources, including inventory, finances, and property, against various risks.

Asset protection involves a range of strategies aimed at securing physical assets through effective training of staff, implementing security protocols, and utilizing technology such as surveillance systems. These practices not only deter theft and breakage but also create a secure environment for customers and employees.

In contrast, options like inventory management, loss prevention, and yield management, while related to the broader context of operational efficiency and profitability, do not specifically capture the focused mission of asset protection. Inventory management refers primarily to overseeing product quantities and shelf stock, loss prevention is more focused on reducing theft and inventory shrinkage without necessarily addressing the broader context of asset security, and yield management deals with pricing strategies to maximize revenue rather than the protection of assets themselves.