Distribution of Products
What technology is scanned at checkouts and used in warehouses to track stock levels?
RFID tags / barcode scanners
Define E-commerce
Buying and selling products and services electronically over the internet 24/7?
Name three social media platform commonly used by businesses to advertise directly to consumers.
Facebook, Instagram, TikTok, YouTube etc
What type of financial institution accepts deposits from the public and offers loans, credit cards and savings accounts?
A trading bank
This task verb asks you to state the precise meaning of a word or phrase.
Define
Streaming platforms or app stores such as music, movies, or apps are what type of distribution?
Digital distribution
What do we call country- or region-specific web addresses, like .com.au or .co.uk?
Regional / country-specific URLs (domain extensions)
Define social media
Technological platforms that allow users to create and share content through online networks
Which government body regulates trading banks in Australia?
APRA (Australian Prudential Regulation Authority)
This task verb asks you to give an account of the main characteristics or features of something.
Describe
What technology lets a delivery driver find the fastest route AND lets a customer track their parcel in real time?
GPS and logistics software
What kind of online tool automatically detects a customer's location and converts prices into their local money?
Currency conversion tools
What do businesses call people with large social media followings who are paid to promote products?
Influencers
This type of bank is NOT open to the general public and helps bring together large investors and businesses needing large amounts of capital — what is it called?
A merchant bank
What does the task verb "explain" require you to do?
This task verb asks you to make something clear by giving reasons for it, showing how or why., linking cause to effect.
Which combination of technologies allows a company to automatically predict how much stock it will need next month based on past sales patterns?
Business intelligence and AI forecasting
What technology lets a customer design their own product online; for example, choosing the colour and material of a pair of shoes before buying?
Product customisation tools
What technology do social media platforms use to show ads only to a very specific audience, based on things like age, location and interests?
Targeted advertising algorithms / Geo-targeted ads
Finance companies don't accept deposits, so how do they mainly make their profit?
By charging high interest rates and fees on loans
What does the task verb analyse mean?
This task verb asks you to break an issue into its parts and look at how they relate to each other.
Identify 4x technologies used and how they are used to get a pair of Nike shoes from a Vietnamese factory to an Australian's front door
Factory & Production - RFID tags attached to each shoe box, barcode scanners
Warehouse & Distribution Centre - RFID readers at warehouse gates, automated inventory management software
Transport (Sea/Air Freight to Australia) - GPS tracking on shipping containers/planes, logistics platforms
Local Distribution Centre / Retailer - Business intelligence tools, AI demand forecasting
Final Delivery - GPS tracking, delivery apps/logistics platforms
Give one specific way that AI-powered website translation helps a business expand into global markets.
It lets customers in other countries read product information in their own language, making the business accessible to a wider, global customer base
Explain one way social media analytics tools (e.g. Meta Business Suite) help a global business make better marketing decisions.
They show real-time data on who is engaging with posts (age, location, interests), so the business can target the right audience and measure what's working
A tech startup wants $50 million to fund a complex merger with an overseas company. A trading bank says the deal is too large and risky for them. What type of institution should the startup approach, and why does its service cost more?
A merchant bank — it invests its own funds in large, high-risk business deals, so it charges higher fees and interest to cover that risk
What does the task verb evaluate mean?
This task verb asks you to make a judgement about the value or quality of something, based on criteria, weighing up strengths and limitations.