Final answer:
DHCP manages a pool of IP addresses and assigns them to devices within a network automatically, simplifying network management.
Step-by-step explanation:
Dynamic Host Configuration Protocol (DHCP) manages a pool of IP addresses and automatically assigns a unique IP address to each device located within its network. When a device connects to the network, the DHCP server selects an IP address from its pool and leases it to the device.
This process facilitates the easy and efficient management of IP addresses within a network and helps in avoiding the manual assignment of IP addresses, which can be error-prone and inefficient.