Convenience Tech Shopping Ltd is a Namibian incorporated company specialising in providing online shopping via the internet. The companys standard practice is to package a customers order for a price of $175.

The companys system operates as follows: i. Customers phone through their orders to the company representatives; ii. Company advises customer services offered and the cost thereof. For future reference purposes, all telephonic conversions are recorded; iii. iv. If the customer is agreeable to the terms provided by company representatives, a payment is made over the telephone via the customers credit card. v. On successful processing of the payment made by the customer, Convenience Tech Shopping Ltd gives the customer an access code for the companys website in order to track its order.

Required: Discuss whether the online shopping service provided by Convenience Tech Shopping Ltd is a contract with a customer in accordance with IFRS 15. (5)