Match each Information and Communication Technology (ICT) tool or system listed on the left with its primary commercial function or benefit on the right.
- Electronic Funds Transfer (EFT)Facilitates direct computer-based movement of financial funds from one bank account to another
- Point of Sale (POS) TerminalProcesses real-time electronic card payments and updates inventory records at merchant checkout counters
- Electronic Data Interchange (EDI)Automates the standardized transmission of business documents such as invoices and purchase orders between companies
- Electronic Commerce (E-Commerce)Enables the buying, selling, and marketing of commercial goods and services over the internet
Answer
Electronic Funds Transfer (EFT) matches with facilitating direct computer-based movement of financial funds from one bank account to another; Point of Sale (POS) Terminal matches with processing real-time electronic card payments and updating inventory records at merchant checkout counters; Electronic Data Interchange (EDI) matches with automating the standardized transmission of business documents such as invoices and purchase orders between companies; Electronic Commerce (E-Commerce) matches with enabling the buying, selling, and marketing of commercial goods and services over the internet.
Each ICT concept is matched to its direct commercial application: EFT is the system for account-to-account bank transfers; POS terminals handle retail checkouts and instant card processing; EDI automates paperless inter-firm document exchanges; and E-Commerce represents internet-based commercial trading.
Step-by-Step Solution
Key Concept
Core ICT applications and their functional benefits in modern commercial transactions