2e) Technological issues

Question 1

What is technological developments?

Answer 1

Technological developments
are the invention and innovation
of tools that solve problems and
enhance processes.

Question 2

What is this an example of?
The Iconic is one of Australia’s most popular online fashion, sporting and children’s clothing
retailers. The Iconic does not have a physical store presence and operates solely online through
a website and an app. The Iconic has introduced many online features to assist customers,
including a ‘live chat’ function, where customer service employees answer questions about
delivery, sales and returns in real time. To provide more convenience to customers, purchases
and returns can be made 24/7.

Answer 2

Technological developments

Question 3

What is Eftpos?

Answer 3

Eftpos (Electronic Funds Transfer
at Point Of Sale) are machines
used as a way to pay for goods and
services which enables customers
to electronically transfer funds
from their bank account to a
business’s bank account.

Question 4

What do manufacturing businesses produce?

Answer 4

Manufacturing businesses produce

a finished physical good.