Question

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?

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.