It is the process of entrepreneurship which involves the translation of a useful idea into an application which has commercial value. It takes persistent effort to workout analytically the details of the enterprise or science. The above lines indicates which step of process of creativity.

Innovation

The correct answer is option (3) - Innovation

Innovation: It is the process of entrepreneurship which involves the translation of a useful idea into an application which has commercial value. It takes persistent effort to work out analytically the details of the enterprise or service, to develop marketing strategies, to organize finances and strategize operations.