Economic
Technology
Random
Random Business
Random Business
100
name an economic condition in the kk
interest rates, employment levels, tax rates and levels of consumer confidence
100
name 2 'technological considerations' (ways a business can use tech)
"How businesses may need to adapt to developments in technology"
"How technology may change the market in the future"
artificial intelligence
automation
online services /e-commerce
robotics
etc
100
animal with highest BP
Giraffe
100
T/F? CSR is an operating factor
F
100
List 2 gobal considerations
overseas competitors, overseas markets, offshoring of labour, exchange rates, patenting, copyrights, trademarks and online sales
200
T/F? high employment levels are bad for a cafe as it means its hard to find a casual worker
F
200
one benefit of technological considerations
- Improves efficiency by completing tasks faster
- Reduces labour costs through automation
- Improves accuracy and reduces human error
- Increases productivity and output
200
what city is this?
Barcelona
200
how many marks is 'identify'
1
200
what does 'lobby' mean; as in 'environmntal lobby groups'?
To try to influence decisions made by businesses or governments.
300
define consumer confidence
Consumer confidence refers to the level of optimism consumers have about the economy and their willingness to spend money on goods and services.
300
one reason not all businesses will adopt the latest technology?
- High costs of purchasing and implementing the technology
- Employees may require retraining
- Technology may quickly become outdated
- Risk of technical issues or cyberattacks
300
What breeds of dogs does Mr Rhodes have?
Greyhound
300
what task word means 'differences only'
distinguish
300
Number of ownesr in a private limited company
1-50
400
why do interest rates impact consumer confidence?
Higher interest rates increase loan and mortgage repayments, leaving consumers with less disposable income and reducing confidence to spend.
400
one example of how Coles/Woolworths use technology
- Self-service checkouts
- Online shopping apps
- Automated warehouses
- Rewards apps collecting customer data
400
how tall is Uluru (+/- 30m)
348m
400
break down an 'Evaluate (5 marks)' questions
2 marks = pros
2 marks = cons
1 mark = opinion
400
name a key legal or government regulation
- Minimum wage laws
- Occupational Health and Safety (OHS) laws
- Consumer protection laws
- Environmental protection laws
- Taxation laws
500
How much do you need to earn to be in the top tax bracket in Australia? (+/- $10,000)
$190,001 (45%)
500
how would an e-commerce business use AI?
- Recommend products to customers
- Use chatbots for customer service
- Predict customer demand and sales trends
- Personalise advertisements and promotions
- Manage inventory levels automatically
500
3:26.00 is the world record for which mens, athletics event?
1500m
500
What's the longest question on the Yr 12 BM exam?
10 marks (40 lines, 20 minutes)
500
Difference between overseas markets and offshoring labour
- Overseas markets = selling products/services to customers in other countries
- Offshoring labour = moving jobs or production to another country to reduce costs