A Tabular Technique Used to Represent a Decision Function in a Flowchart

question 88

Multiple Choice

A tabular technique used to represent a decision function in a flowchart is known as a

• A) block flowchart.
• B) logical data flow diagram.
• C) decision table.
• D) branching table.

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Definitions:

Competitive Markets

A market structure characterized by the presence of numerous sellers and buyers, leading to prices that reflect supply and demand conditions.

Pricing Constraints

Limitations that affect the pricing strategy of a product or service, including cost of production, competition, market demand, and regulatory issues.

Price Affect

The psychological impact of price on a consumer's perception and purchasing behaviors, often influencing how a product is valued.

Demand

The consumer's desire and willingness to pay a price for a specific good or service.