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Among the major advances that this process presented to product development are the time and cost reduction , human interaction , and consequently the product cycle development .
 concept or principle: process; concept or principle: product development; concept or principle: cost reduction; concept or principle: human interaction; concept or principle: product cycle
Please list all entity words in the text that fit the category.Output format is "type1: word1; type2: word2". 
Option: manufacturing standard, machanical property, manufacturing process, material, engineering feature, process parameter, machine or equipment, application, process characterization, enabling technology, biomedical, concept or principle 
Text: {0} 
Answer:
 concept or principle: process; concept or principle: product development; concept or principle: cost reduction; concept or principle: human interaction; concept or principle: product cycle