Australian International Training Academy Pty Ltd t/a My Business College (MBC) ABN: XXXXXXXXXX CRICOS Provider Code: 03694G National Provider Code: 45368 Level 4,225 Clarence Street, Sydney, NSW 2000...

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Australian International Training Academy Pty Ltd t/a My Business College (MBC) ABN: 76 141 358 045 CRICOS Provider Code: 03694G National Provider Code: 45368 Level 4,225 Clarence Street, Sydney, NSW 2000 Phone: (02) 8937 0969 Email: [email protected] Website: www.mbc.nsw.edu.au Assessment tasks for BSBMKG514 Implement and monitor marketing activities Version 1.0 Approved date: 01 March 2020 Review Date: 01 March 2022 Approved by CEO Page 1 of 40 Student Assessment Tasks BSBMKG514 Implement and monitor marketing activities Australian International Training Academy Pty Ltd t/a My Business College (MBC) ABN: 76 141 358 045 CRICOS Provider Code: 03694G National Provider Code: 45368 Level 4,225 Clarence Street, Sydney, NSW 2000 Phone: (02) 8937 0969 Email: [email protected] Website: www.mbc.nsw.edu.au Assessment tasks for BSBMKG514 Implement and monitor marketing activities Version 1.0 Approved date: 01 March 2020 Review Date: 01 March 2022 Approved by CEO Page 2 of 40 Table of Contents Table of Contents 2 Assessment Information 3 Assessment Instructions 5 Student Assessment Agreement 7 Assessment Task 1 Cover Sheet 8 Assessment Task 1: Written Questions 10 Assessment Task 1 Instructions 12 Assessment Task 1 Checklist 14 Assessment Task 2 Cover Sheet 15 Assessment Task 2: Marketing activities project 17 Assessment Task 2 Instructions 19 Assessment Task 2 Checklist 24 Assessment Task 3 Cover Sheet 26 Assessment Task 3: Marketing activities implementation and monitoring project 28 Assessment Task 3 Instructions 30 Assessment Task 3 Checklist 33 Assessment Task 4 Cover Sheet 34 Assessment Task 4: Monitor and review marketing strategies and tactics project 36 Assessment Task 4 Instructions 38 Assessment Task 4 Checklist 40 Australian International Training Academy Pty Ltd t/a My Business College (MBC) ABN: 76 141 358 045 CRICOS Provider Code: 03694G National Provider Code: 45368 Level 4,225 Clarence Street, Sydney, NSW 2000 Phone: (02) 8937 0969 Email: [email protected] Website: www.mbc.nsw.edu.au Assessment tasks for BSBMKG514 Implement and monitor marketing activities Version 1.0 Approved date: 01 March 2020 Review Date: 01 March 2022 Approved by CEO Page 3 of 40 Assessment Information The assessment tasks for BSBMKG514 Implement and monitor marketing activities are included in this Student Assessment Tasks booklet and outlined in the assessment plan below. To be assessed as competent for this unit, you must complete all of the assessment tasks satisfactorily. Assessment Plan Assessment Task Overview 1. Written Questions You must correctly answer all written questions. 2. Marketing Activities Project You must identify and prioritise marketing strategies and tactics from a Marketing Plan and brief their team accordingly. 3. Marketing activities implementation and monitoring project You must implement marketing activities by writing an article for a local paper about the company and its products/services and then monitor the impact of the article. 4. Marketing performance report You must review a case study including marketing performance data and analyse and report on the data provided. Assessment Preparation Please read through this assessment thoroughly before beginning any tasks. Ask your assessor for clarification if you have any questions at all. When you have read and understood this unit’s assessment tasks, print out the Student Assessment Agreement. Fill it out, sign it, and hand it to your assessor, who will countersign it and then keep it on file. Keep a copy of all of your work, as the work submitted to your assessor will not be returned to you. Assessment appeals If you do not agree with an assessment decision, you can make an assessment appeal as per your RTO’s assessment appeals process. You have the right to appeal the outcome of assessment decisions if they feel they have been dealt with unfairly or have other appropriate grounds for an appeal. Australian International Training Academy Pty Ltd t/a My Business College (MBC) ABN: 76 141 358 045 CRICOS Provider Code: 03694G National Provider Code: 45368 Level 4,225 Clarence Street, Sydney, NSW 2000 Phone: (02) 8937 0969 Email: [email protected] Website: www.mbc.nsw.edu.au Assessment tasks for BSBMKG514 Implement and monitor marketing activities Version 1.0 Approved date: 01 March 2020 Review Date: 01 March 2022 Approved by CEO Page 4 of 40 Naming electronic documents It is important that you name the documents that you create for this Assessment Task in a logical manner. Each should include:  Course identification code  Assessment Task number  Document title (if appropriate)  Student name  Date it was created For example, BSBMKG514 Briefing Report Joan Smith 20/10/18 Additional Resources You will be provided with the following resources before you begin each Assessment Task. Assessment Task 2  Briefing Report Template Assessment Task 4  NatureCare Case Study  Performance Monitoring Report Template Australian International Training Academy Pty Ltd t/a My Business College (MBC) ABN: 76 141 358 045 CRICOS Provider Code: 03694G National Provider Code: 45368 Level 4,225 Clarence Street, Sydney, NSW 2000 Phone: (02) 8937 0969 Email: [email protected] Website: www.mbc.nsw.edu.au Assessment tasks for BSBMKG514 Implement and monitor marketing activities Version 1.0 Approved date: 01 March 2020 Review Date: 01 March 2022 Approved by CEO Page 5 of 40 Assessment Instructions Each assessment task in this booklet consists of the following: Assessment Task Cover Sheet This must be filled out, signed and submitted together with your assessment responses. If you are submitting hardcopy, the Cover Sheet should be the first page of each task’s submission. If you are submitting electronically, print out the cover sheet, fill it out and sign it, then scan this and submit the file. The Assessment Task Cover Sheet will be returned to you with the outcome of the assessment, which will be satisfactory (S) or unsatisfactory (U). If your work has been assessed as being not satisfactory, your assessor will include written feedback in the Assessment Task Cover Sheet giving reasons why. Your assessor will also discuss this verbally with you and provide advice on re-assessment opportunities as per your RTO’s re-assessment policy. Depending on the task, this may include  resubmitting incorrect answers to questions (such as short answer questions and case studies)  resubmitting part or all of a project, depending on how the error impacts on the total outcome of the task  redoing a role play after being provided with appropriate feedback about your performance  being observed a second (or third time) undertaking any tasks/activities that were not satisfactorily completed the first time, after being provided with appropriate feedback. Assessment Task Information This gives you:  a summary of the assessment task  information on the resources to be used  submission requirements  re-submission opportunities if required Assessment Task Instructions These give questions to answer or tasks which are to be completed. Your answers need to be typed up using software as indicated in the Assessment Task Instructions. Copy and paste each task’s instructions into a new document and use this as the basis for your assessment task submission. Include this document’s header and footer. If you are submitting electronically, give the document a file name that includes the unit identification number, the task number, your name and the date. Checklist Australian International Training Academy Pty Ltd t/a My Business College (MBC) ABN: 76 141 358 045 CRICOS Provider Code: 03694G National Provider Code: 45368 Level 4,225 Clarence Street, Sydney, NSW 2000 Phone: (02) 8937 0969 Email: [email protected] Website: www.mbc.nsw.edu.au Assessment tasks for BSBMKG514 Implement and monitor marketing activities Version 1.0 Approved date: 01 March 2020 Review Date: 01 March 2022 Approved by CEO Page 6 of 40 This will be used by your assessor to mark your assessment. Read through this as part of your preparation before beginning the assessment task. It will give you a good idea of what your assessor will be looking for when marking your responses. Australian International Training Academy Pty Ltd t/a My Business College (MBC) ABN: 76 141 358 045 CRICOS Provider Code: 03694G National Provider Code: 45368 Level 4,225 Clarence Street, Sydney, NSW 2000 Phone: (02) 8937 0969 Email: [email protected] Website: www.mbc.nsw.edu.au Assessment tasks for BSBMKG514 Implement and monitor marketing activities Version 1.0 Approved date: 01 March 2020 Review Date: 01 March 2022 Approved by CEO Page 7 of 40 Student Assessment Agreement Make sure you read through the assessments in this booklet before you fill out and sign the agreement below. If there is anything that you are unsure of, consult your assessor prior to signing this agreement. Have you read the assessment requirements for this unit?  Yes  No Do you understand the requirements of the assessments for this unit?  Yes  No Do you agree to the way in which you are being assessed?  Yes  No Do you have any specific needs that should be considered?  Yes  No If so, explain these in the space below. Do you understand your rights to re-assessment?  Yes  No Do you understand your right to appeal the decisions made in an assessment?  Yes  No Student name Student number Student signature Date Assessor name Assessor signature Date Australian International Training Academy Pty Ltd t/a My Business College (MBC) ABN: 76 141 358 045 CRICOS Provider Code: 03694G National Provider Code: 45368 Level 4,225 Clarence Street, Sydney, NSW 2000 Phone: (02) 8937 0969 Email: [email protected] Website: www.mbc.nsw.edu.au Assessment tasks for BSBMKG514 Implement and monitor marketing activities Version 1.0 Approved date: 01 March 2020 Review Date: 01 March 2022 Approved by CEO Page 8 of 40 Assessment Task 1 Cover Sheet Student Declaration To be filled out and submitted with assessment responses  I declare that this task is all my own work and I have not cheated or plagiarised the work or colluded with any other student(s).  I understand that if I am found to have plagiarised, cheated or colluded, action will be taken against me according to the process explained to me.  I have correctly referenced all resources and reference texts throughout these assessment tasks. Student name
Answered 27 days AfterAug 29, 2021

Answer To: Australian International Training Academy Pty Ltd t/a My Business College (MBC) ABN: XXXXXXXXXX...

Sayani answered on Sep 10 2021
131 Votes
BSBMKG514 IMPLEMENT AND MONITOR MARKETING ACTIVITIES
Table of Contents
Assessment Task 1: Written Questions    4
Ans. 1    4
Ans. 2    4
Ans. 3    5
Ans. 4    6
Ans. 5    6
Ans. 6    7
Ans. 7    7
Ans. 8    8
Ans. 9    8
Ans. 10    9
Ans. 11    9
Assessment 2: Marketing Activities Project    10
Marketing Plan and Strategies    10
Report and Action Plan    11
Email to the Assessor    11
Meeting with the Team    12
Assessment 3: Marketing Activities Implementation and Monitoring Project    12
Newspaper Article    12
Email to the Assessor    13
Assessment 4: Monitor and Review Marketing Strategies and Tactics Project    14
Monitoring and Evaluation of the Report    14
Email to General Manager    15
Participation in the Meeting    16
Changes    16
Bibliography    17
Assessment Task 1: Written Questions
Ans. 1
Marketing mix refers to the set of actions, the strategies, the tactics and several policies that a company uses to promote its brand product as well as services. With the help of four Ps that is Price, Product, Promo
tion and Place, conducting marketing mix becomes easier and smoother. The concept of marketing includes those business activities that are designed to satisfy the consumers need and expectation. The basic agenda of marketing is to understand the requirements of the customers and then producing the products that will satisfy the need of the customer, which would lead towards the success of the company. Concern for the customer’s need and wants is highly required rather than concerning for the product, as concern for customer’s need and wants would increase the acceptability of the product[footnoteRef:1]. [1: M Pulido Polo, "Acts or events? A perspective from the marketing mix", in IROCAMM-International Review Of Communication And Marketing Mix, , 2018, 56-66.]
The four components of marketing mix are Price, Product, Promotion and Place. The extending marketing mix components include Packaging, Positioning, People and Politics. After identifying the benefits and quality of the products, tag a price level, promote it as much as possible in order to aware the customer the important and benefits of the product and understand the geographical and demographic location of the targeted audience where marketing would gain profit. Apart from these components, packaging glamorises the product in order to attract the attention of the customer. Product positioning enables a company to meet very specific needs of a particular market segments offering true values. People here in the marketing mix section act, as a transactional interface between the customers and the company, politics is needed in order to build a trust and a political image in front of the customers[footnoteRef:2]. [2: L Joseph, "An Analysis on 7P’s of Service Marketing Mix", in International Journal of Psychosocial Rehabilitation, vol. 24, 2020, 3609-3616.]
Ans. 2
Key Pricing Strategies:
Penetration Pricing: Penetration pricing is a marketing strategy, which is used by several business to attract the customers to attract the customers to a new products or service by offering lower price during its initial stage of offering. The lower price helps the products or the service to penetrate in the market and attract the customers away from the competitors. This is one type of strategy applied by the organisation in order to grab the attention of the customer towards them. For example, if an organisation is launching a product for the first time and is offering lower price than the market value and other competitors or competitive organisation then it would easily grab the attention of the customers and earn profit[footnoteRef:3]. [3: I Lee, "Pricing schemes and profit-maximizing pricing for cloud services", in Journal of Revenue and Pricing Management, vol. 18, 2019, 112-122.]
Skimming Pricing: Price skimming is a product pricing, by which a firm charges the highest initial price that customer will pay and then lower it. Therefore, price skimming is a price strategy that involves setting a high price before other competitors came into the market and establish their field. In this approach, the producers set a high introductory price to attract the buyers with a strong desire for the product to buy it and then gradually reducing it to attract the next layer of the market.
Competition Pricing: Competition based pricing method is the process, which is related with the pricing strategy that is related to price of the competitors. Their pricing method depends on the marketing data. They gather the information from the competitor market about the price of the product and then set their own, which would attract the customers.
Ans. 3
The main difference between the concept of push and pull strategy is that the push strategy always pushes the product towards the customer whereas the pull strategy always pulls the customers towards their products. No doubt, pull strategy is the better strategy as it controls the customers automatically whereas the push strategy needs efforts to push the customers to learn the benefits, important and market value of their products.
When any company newly launch their products in the market, it needs push strategy, where the producers have to push their customers towards their product in order to know them in a better way. However, a branded and established product applies the pull strategy concept where the customers blindly trust on the products and automatically shower their attention towards the product and company. Therefore, push marketing brings the products to the customers, whereas the pull marketing lures the customers towards the products[footnoteRef:4]. [4: "Corporate Social Responsibility: Organization's Pull And Push Strategy", in European Journal of Business and Management, , 2019.]
Ans. 4
Three main distribution strategies for the marketers are intensive distribution, extensive distribution and selective distribution. Intensive distribution is a mass distribution, which is intended for a mass-marketing production. This particular distribution strategy is adopted by the organisation in order to make the product available widely and therefore the products are stocked in a large number of outlets.
Extensive distribution on the other hand, is adopted by several companies in order to reach out to the customers using multiple channels. It is often used by the companies, which want to target as many customers as possible in order to attain the maximum rate of marketing penetration. The main agenda of this particular distribution is to aware the customers about their products in a wider range so that they can able to gain the attention of as much as possible customers who would like their products and hence makes a profit.
The selective distribution strategy on the other hand, is one of the popular strategies used by the high ends brands that wants to open up a handful of outlets in a particular geographical location preferred by the customers. It helps the companies to create best performing outlets that would attract the customers, gives them comfort and would directly contributes to better sales. As the companies through these strategies gets more time and effort towards providing training and improving therefore, it ends up with profit and customers satisfaction[footnoteRef:5]. [5: "Simple Selective Strategy to Stars", in Synfacts, vol. 13, 2017, 1141.]
Ans. 5
The main purpose of Australian Consumer Law ensures that businesses conduct fair sale practices. This as a result allows the consumers to trust the businesses they deal with. It promotes the fair trade and competition level, enhances product safety and labelling. Sometimes customers get puzzled about whom business or organisation to trust whom to not, they sometimes commit mistakes by trusting the wrong one and suffers afterwards. In this regard through this law, they can understand the fair trade and trust the businesses securely.
Example: Australian Consumer Law controls the unsolicited sales practices along with the supplies and consumers agreements. There are several marketing strategies, which continue unfair trades and cheat the customers unsolicited consumers agreements. These force the customers to buy the products by adopting harassment and coercion policies. Here the Australian Consumer Law saves and protects the customers from these marketing policies[footnoteRef:6]. [6: L Nottage, "Improving the Effectiveness of the Consumer Product Safety System: Australian Law Reform in Asia-Pacific Context", in Journal of Consumer Policy, vol. 43, 2020, 829-850.]
Ans. 6
The main purpose of the Privacy Act of 1988 is to promote and protect the privacy of the individual and even regulate the polies that how Australian governments and other organisation handle the personal information of each of their customers safely. The companies in this regard as per the Privacy Act must not use any personal information of any individual in their possession for the implementation of direct marketing until and unless the individual would reasonably expect the company to use their personal information for marketing purpose, which would not harm their reputation and personal matters.
There are some marketers, who collect the personal information of the customers or other individuals to misuse it and create an unauthorised selling access, modify the information and promote it. As a result, this type of action literally harm the customers and they complain against these types of marketing policy makers in the Australian Consumer Law in a hope to get justice[footnoteRef:7]. Therefore, if any business is registered in Australia or even plan to expand the business further into the Australian market then the marketers should comply with the Privacy Act 1988 in order to save their heads and protect their company from liability and customers mistrusts. [7: G...
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