Which of the Following Is True About a Communications Protocol

question 57

Multiple Choice

Which of the following is true about a communications protocol?

• A)It is a set of instructions to prevent cyber crimes.
• B)It is a set of connections for computers on the Internet.
• C)It is a set of rules that every computer follows to transfer information.
• D)It provides information and services to Web surfers.

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Definitions:

Yield Management

A dynamic pricing strategy that involves adjusting prices based on demand to maximize revenue, often used in hospitality and airline industries.

Demand-Oriented

A pricing strategy where price is set based on the customer's demand for the product or service.

Profit-Oriented

A business approach or strategy primarily focused on generating financial gain and maximizing profit margins.

Target Pricing

A pricing strategy where the selling price is determined based on the estimated price a consumer is willing to pay, rather than on the cost of production or the market average.