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Which of the following is an example of product innovation? Question 19 options: Reduced setup times for complex equipment Just-in-time inventory systems Toyota's lean production

Which of the following is an example of product innovation? Question 19 options: Reduced setup times for complex equipment Just-in-time inventory systems Toyota's lean production system Intel's invention of the microprocessor in the early 1970s Self-managing teamsWhen cost parity is achieved between rival companies, the only way to achieve sustained competitive advantage is to continue to use the technology available to minimize production costs. Question 20 options: True False

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