Innovation can be defined as:

Question $4$ options:

The process whereby new and improved products, processes, materials, and services are developed and transferred to a new plant or market where they are appropriate

All the knowledge, products, processes, tools, methods, and systems employed in the creation of goods or providing services

A coordinated set of actions that fulfill the firms objectives, purposes, and goals

The systematic gathering of information that leads to the generation of feasible alternatives for the firm

The elements of planning, implementation, and evaluation and control