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Discuss the three different approaches to new product development.
Vacation Pay
Compensation employees receive for their time off work, as determined by their employment contracts or company policies.
Defined Contribution Pension Plan
A retirement plan where the employer, employee, or both make contributions, and the final benefits depend on the investment's performance.
Salaries
Payments made to employees for their labor or services over a period.
Social Security Tax
Definition: Taxes collected by governments to fund social security programs, typically levied on both employers and employees.
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