Final answer:
The impacts of technology in business include concerns over privacy and intellectual property protection, changes in communication and marketing through the Internet and social media, the influence of e-commerce on the relationship between marketers and consumers, the importance of technology forecasting, and technology's role in satisfying physiological needs.
Step-by-step explanation:
1. The impacts of technology include concerns over privacy and intellectual property protection. Technology has made it easier for personal information to be accessed and shared without consent, raising concerns about privacy. Additionally, advancements in technology have made it easier for intellectual property to be copied or stolen, leading to concerns about protecting original ideas and creations.
2. The increasing use of the Internet by both marketers and consumers has changed the way people communicate and how marketers reach consumers. Social media platforms and online advertising have become key channels for marketing and connecting with consumers.
3. The expanding opportunities for e-commerce are changing the relationship between marketers and consumers. With the growth of online shopping, consumers have more options and convenience, while marketers have new ways to reach and target their audience.
4. Through technology forecasting, managers try to foresee the effects of new products and processes on the organization's operations, other businesses, and society in general. This helps them make informed decisions about adopting new technologies and understanding their potential impacts.
5. Technology determines how members of society satisfy their physiological needs and has vastly improved communications. For example, smartphones and the internet have made it easier for people to access information, communicate with others, and fulfill their basic needs.