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Which of the following is true of work simplification?
Vertical Contracts
Agreements between companies at different levels of the supply chain, such as manufacturers and retailers, aimed at controlling prices or excluding competitors.
Costly Activities
Activities that involve a significant expenditure of resources such as time, money, or effort.
New Product
An item or service that has been recently developed or introduced to the market, offering new or improved features.
Minimum Wage Control
Regulatory measures that set the lowest hourly rate of pay that employers can legally offer their employees.
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