What Is a Network

question 49

Multiple Choice

What is a network?

• A)enables the transmission of data over public or private networks
• B)a communications, data exchange, and resource-sharing system created by linking two or more computers and establishing standards, or protocols, so that they can work together
• C)any network without a central file server and in which all computers in the network have access to the public files located on all other workstations
• D)a computer that is designed to request information from a server

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Definitions:

Strategic Pricing

Involves setting prices based on market factors, competition, and company goals to maximize profitability or market share.

Product Differentiation

A marketing strategy that businesses use to distinguish their products from those of competitors by emphasizing unique features, quality, or design.

Purely Competitive

A market structure characterized by a large number of firms producing homogenous products and where no single firm has significant control over the market price.

Inelastic Demand

A situation where the demand for a good or service is not significantly changed by the changes in its price.