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In the Case Study on Max Reported in the Textbook

question 26

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In the case study on Max reported in the textbook, Max was exhibiting early signs of


Definitions:

Entrepreneurial Behavior

Actions and attitudes characteristic of entrepreneurs, such as innovation, risk-taking, and proactiveness, in pursuing new business ventures.

Profit

The financial gain made in a transaction or operation, calculated as the difference between revenue and costs.

Innovation Development

The process of designing, creating, and implementing new products, services, or technologies that offer new value to customers or improve operating processes.

Product Design

The process of creating and developing new products, taking into consideration aspects like functionality, aesthetics, and usability.

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