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During the First Stage of the New-Product Development Process, Two

question 178

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During the first stage of the new-product development process, two important activities take place. They are

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Definitions:

Work-life Balance

The equilibrium between professional responsibilities and personal life, critical for overall well-being and satisfaction.

Retention And Turnover

Describes the process of keeping employees in a company (retention) and the rate at which employees leave an organization (turnover).

Labour-management Relations

The dynamics between employees (often represented by unions) and employers regarding work conditions, wages, contracts, and other employment aspects.

Career Development

A continuous process of managing one's professional path, skills, and goals to progress in their occupation.

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