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The Process of Change in an Individual in Response to Altered

question 8

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The process of change in an individual in response to altered conditions is called


Definitions:

Entrepreneurial Ability

The capacity to innovate, introduce new products or services, improve processes or business models, and effectively manage and grow a business under conditions of uncertainty.

Production Technique

Production technique refers to the method or process used in transforming inputs into outputs in the production of goods or services.

Total Profits

The total income of a business after all expenses have been deducted from total revenues.

Production Techniques

Methods and processes used in the transformation of inputs into outputs or goods and services by a firm.

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