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Manufacturing plant

You work in a manufacturing plant that is starting to rely heavily on technology to run their operations. You proposed the use of virtual technology to save money. You have a plan to run multiple virtual machines (VMs) on a clustered based Hypervisor. Before you implement, you have been asked by your management to report on the following items:

Describe storage and network virtualization.
Explain the difference between a Bridged, NAT and host-only network connection. When would you use them and why.