The F-16 is a Multi-role type fighter jet.
The term "multi-role" means that has been designed for and is used for different roles in combat such as air to air combat (Establishing air superiority for example), air to surface combat (such as "Suppression of Enemy Air Defenses" also known as SEAD) and sometimes even Electronic Warfare (EW) such as radar jamming.
In the price-range of roughly $15 to $22 million per unit depending on the variant, it is one of the best, if not the best multi-role fighter jet for most medium-size air forces around the world because of it's relatively easy/low-cost maintenance and ease of operation.
That (and of course a lot of lobbying and pressure-politics) is why the F-16 is such a big success with more than 4,500 units sold worldwide.
The following countries operate F-16's with Italy switching from the F-16 to the more expensive (and advanced) Eurofighter Typhoon (EF-2000).
Also, the F-16 Fighting Falcon is often simply referred to as "Viper" by the aerospace and military communities because of the way it looks when viewed from the front.
I hope I have sufficiently answered your question.
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