Question: Innovation Please read the questions below carefully and give appropriate answers. Instructions: This assignment requires a minimum of 2000 words. You can use your text book and other sources/references in answering the following questions. A copy of the assignment should be submitted to me and also via turn-it-in. A Maximum of 25% plagiarism will be allowedplease do this as soon as possible, the due date is todayShow transcribed image text 100% (1 rating)[ Innovation in Business ] Innovation means the new ideas strategies and informative plannings for promotion of any economic and business task. There is a great importance of innovation for upgradation and updation of project. Without the help of the…View the full answerTranscribed image text: Innovation Please read the questions below carefully and give appropriate answers. Instructions: This assignment requires a minimum of 2000 words. You can use your text book and other sources/references in answering the following questions. A copy of the assignment should be submitted to me and also via turn-it-in. A Maximum of 25% plagiarism will be allowed for turn-it-in. Prepare a detailed document on a product, service or process you intend to innovate by defining the source of your innovation, explain the type of innovation and innovation strategy you wish to adopt, discuss how you intend to market the innovation and analyze the benefits and challenges associated with the innovation.