A(n)____ Is a Set of Rule and Standards That Any

question 4

Multiple Choice

A(n) ____ is a set of rule and standards that any two entities use for communication.

• A)protocol
• B)language
• C)interface
• D)interaction

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Definitions:

Pricing Strategies

Pricing strategies are methodologies or approaches used by companies to set the selling prices of their products or services, based on factors like cost, competition, and perceived value.

Customer Demand

The requirement for products or services from end consumers at any given time.

Competitors Actions

Strategies and activities undertaken by companies within the same industry or market to gain a competitive advantage or respond to each other's moves.

Strategic Definitions

Refers to the clear explanations of strategic concepts that guide a business's goals, decisions, and actions.