What term refers to the process used to produce a good or service, such as using a robotic device to assemble cars? open opportunity technology the gross domestic product the profit motive?

Question

Business

Madalynn Harrell

2 January, 16:34

What term refers to the process used to produce a good or service, such as using a robotic device to assemble cars? open opportunity technology the gross domestic product the profit motive?

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Josh Caldwell · Answer 1

Open Opportunity means the opportunity available for the business.

Technology refers to the process used to produce a good or service.

Gross domestic product means the total amount of goods or services produced in a country during a year.

The profit motive is the goal of maximization of profits.

Hence, the term that refers to the process used to produce a good or service, such as using a robotic device to assemble cars is Technology.