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New product development time may be an example of the
Benefits
Advantages or positive outcomes resulting from various actions, policies, or circumstances, often used in social, economic, and health contexts.
Drawbacks
Negative aspects or disadvantages associated with a situation, decision, or action.
Standard of Living
The level of wealth, comfort, material goods, and necessities available to a certain socioeconomic class or a geographic area.
Globalization Benefits
The positive impacts of globalization, including economic growth, cultural exchange, and the spread of technology and innovation across borders.
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