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