________ Is the Use of Information Technology to Control a Physical

question 3

Short Answer

________ is the use of information technology to control a physical process.

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Definitions:

Automobile Industry

A sector of the economy focused on the manufacturing, designing, and marketing of motor vehicles.

Input Markets

Markets where resources or inputs used for production, such as labor, materials, and machinery, are bought and sold.

Profit-Maximizing Strategy

A business approach aimed at achieving the highest possible profit, considering both revenue and costs.

Cattle Rancher

A cattle rancher is an individual who operates a ranch, managing the breeding, raising, and selling of cattle for meat or other products.