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In new product planning and development,?????_____ costs refer not only to alternative uses of funds spent on product failures but also to the time spent in unprofitable product development?
Insurance Agent
A professional who sells, solicits, or negotiates insurance policies on behalf of an insurance company or individual.
Loss Occurs
Refers to the moment when a financial loss happens due to an insured event.
Insurable Interest
A requirement that a person seeking to purchase insurance has a sufficient stake in the safety or preservation of the insured item or individual to obtain insurance coverage.
Named Beneficiary
An individual, group, or entity explicitly designated to receive benefits from a policy or account.
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