Simple problems are well-defined and have straightforward solutions. They can often be solved with a single decision or a simple calculation. Examples of simple problems include:

• Setting the price for a product based on a simple cost-plus pricing model.
• Deciding which vendor to choose based on a simple comparison of price and delivery time.

Simple problems can be solved with straightforward approaches such as intuition, calculation, or rule-based decision-making. A simple problem can often be solved with a single decision or a straightforward calculation.

Simple, complicated, and complex problems are different in terms of their characteristics and the approaches required to solve them.

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