Innovation can be best defined as

Explanation: The most well-known approach to unraveling an idea or development into a fair or organization that makes regard or for which clients will pay. In business, advancement often results when considerations are applied by the association to satisfy the necessities and suppositions for the clients also.

Development generally implies changing cycles or making all the more remarkable cycles, things and considerations. For associations, this could mean doing novel contemplations, making dynamic things or dealing with your ongoing organizations. Advancement can work on the likelihood of your business succeeding.

Final Answer: Hence the correct option is  A i.e. Commercialization of a new product or process.