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You've been hired by a company to guide them through replacing the traditional physical process sequence with a value creation and delivery sequence. You would recommend that they replace their first step "make the product" with
Loss Or Damage
Refers to the negative impact, destruction, or impairment of value, function, or condition of property or goods.
Insurance Proceeds
The money received from an insurance company as a payout for claims made under an insurance policy.
Insured
A person or entity covered under an insurance policy, protected against specified losses or damages.
Damage
Loss or harm resulting from injury to a person, property, or reputation.
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