SOLAR SYSTEM

Detailed explanation-1: -Product innovation is the process of creating a new product-or improving an existing one-to meet customers’ needs in a novel way. There are three key types of innovation: Sustaining innovation, in which a business consistently provides the highest quality products to its best customers.

Detailed explanation-2: -Product innovation refers to the creation and introduction of a good or service that is new to the market or an improved version of a previous product. On the other hand, process innovation is implementing a new or improved production or delivery method.

Detailed explanation-3: -It means a coming up with a unique idea that introduces a new way of thinking to the market.

Detailed explanation-4: -Innovation is a process by which a domain, a product, or a service is renewed and brought up to date by applying new processes, introducing new techniques, or establishing successful ideas to create new value. The creation of value is a defining characteristic of innovation.

Detailed explanation-5: -A product idea is a concept or plan for a new item that a company can produce and sell in a particular market. It outlines the purpose of that item, its features and some key design elements. Many product ideas involve mechanical or engineering components, as a manufacturer uses its resulting design to build an object.