PRODUCT: FREE-RANGE WIRELESS CHARGERWIRELESS CHARGER SOCKET CAPABLE OF CHARGING ANY DEVICE WITH WIRELESS CHARGING FUNCTIONALITY WITHOUT HAVING TO BE DIRECTLY ON THE WIRELESS CHARGING DEVICE.For this assignment, you will develop a product or service and present it to the class.In your assigned groups, think about lecture over Chapter 9 and the discussion held on value, rarity, imitability, and the organizational aspects.Develop a product or service you would sell as an SMEx97Tailor it to any region or countryx97Any industry is finex97_______________________________x97Class will evaluate uniqueness and success estimates. (Must be present/active for points)Questions to answer :1. What are you bringing to the market? — describe the product.2. Why is the product or service needed? — who and how is adding value3. How will you be successful/competitive? — who are you competing with or may be watching you4. How will you bring it to market? — think about organizing around getting it to market