Recommended to come up with a concise and distinctive name to easily navigate through your list of rules
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Scope
Define what exact entities you apply your rules to whether it's all campaigns, certain ad sets from different campaigns or a specific ad.
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Tasks
Create the logic of a rule. You can have multiple conditions in your rule and you can define whether you need all of them to be met - AND logic : in order for the rule to be triggered or at least one of them - OR logic: also, there can be a set of nested conditions with their own AND/OR structure.