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A Product Idea Is an Idea for a Possible Product

question 122

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A product idea is an idea for a possible product a company can offer the market,while a product concept is a detailed version of the idea stated in meaningful consumer terms.


Definitions:

360-Degree Feedback

A comprehensive performance appraisal system where employees receive confidential, anonymous feedback from the people who work around them, including peers, supervisors, subordinates, and sometimes customers.

Appraisal System

A formal process used by organizations to evaluate employee performance, typically involving assessment tools and feedback mechanisms.

Feedback Sessions

Structured meetings where individuals receive constructive criticism and praise about their performance.

Executive Coaching

A technique in which managers or executives are paired with a coach in a partnership to help them perform more efficiently.

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