TCP/IP

question 4

Multiple Choice

TCP/IP:

• A)is the least commonly used network protocol for LANs because it cannot be combined with Ethernet
• B)performs packetizing, as well as routing and addressing functions
• C)is not very efficient and is prone to errors
• D)is compatible with only one type of data link protocol, SDLC
• E)refers to Telephone Control Procedures/Inter-exchange Procedures

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Definitions:

Price Discrimination

A pricing strategy where a company charges different prices for the same product or service based on various criteria like customer location, purchasing power, or quantity bought.

Vertical Price Fixing

An agreement among participants on different levels of the same supply chain to control prices passed on to consumers.

Tying Arrangement

A business agreement in which the sale of one product or service is linked to the purchase of an additional product or service.

Exclusive Dealing

A sales strategy where a seller requires a buyer to purchase only its products and not those of competitors.