A ____ Access File Is Also Referred to as a Text

question 12

Multiple Choice

A ____ access file is also referred to as a text file.

• A) serial
• B) random
• C) binary
• D) sequential

---

Definitions:

Differentiated Products

Goods or services that are distinguished from similar offerings by unique characteristics, branding, quality, or performance, allowing companies to compete other than on price.

Standardized Products

Goods or services that are uniform in quality and specifications across producers, allowing them to be interchangeable.

Sequential Games

A type of game in game theory where players make decisions one after another, allowing for consideration of previous moves.

First-Mover Advantages

Benefits gained by a company that is the first to enter a new market, establish brand recognition, and secure customer loyalty before competitors.