Student Assessment Booklet STUDENT ASSESSMENT BOOKLET BSBMKG623 Develop marketing plans Student Name: Date Commenced: © 2021 Eduworks Resources Eduworks Resources is a division of RTO Advice Group Pty...

1 answer below »
Please continue the assessment from Assessment Task 2 Part C and the rest of it.

Student Assessment Booklet





STUDENT ASSESSMENT BOOKLET
BSBMKG623 Develop marketing plans
Student Name:
Date Commenced:
© 2021 Eduworks Resources
Eduworks Resources is a division of RTO Advice Group Pty Ltd.
INTELLECTUAL PROPERTY RIGHTS NOTICE
These resources are sold under licence to Registered Training Organisations (RTOs) and other education providers for use within their organisations for training and educating students. Only licensed RTOs, their staff and students are permitted to use these resources, any parts of them, or any derivative works made from them for the purpose of completing or delivering a course with the RTO. Unauthorised use of these resources is illegal under Australian Copyright law and any individuals or organisations found to be using these resources without a valid licence will be prosecuted to the full extent permitted by law.
To find out the status of your licence, please contact us at [email protected]
Cover images sourced from Pexels at pexels.com and used under the Pexels License.
The copyright of any adaptations and/or modifications to this document and any associated documents remains with Eduworks Resources. For changed or edited documents, the following attribution must be made on this page underneath the Eduworks Logo: ‘This is a modified document based on resources owned by Eduworks Resources.’
The copyright notice on the bottom of each page cannot be removed.
IT IS ILLEGAL TO REMOVE THIS PAGE.
Table of Contents
Assessment Overview4
Assessment Task Summary4
Assessment Documents4
Required Additional Documents4
Assessment Task Cover Sheet5
The Assessment Process and Your Rights5
Submitting your Assessment Tasks5
Assessment Attempts and Resubmissions5
Assessment Outcomes6
Plagiarism, Cheating and Collusion6
Assessment Appeals6
Reasonable Adjustment6
Information about Assessment7
Dimensions of Competency7
Principles of Assessment and Rules of Evidence7
Principles of Assessment7
Rules of Evidence8
Glossary of Instructional Task Words8
Assessment Plan10
Assessment Task Cover Sheet – Assessment Task 111
Assessment Task 1: Written Questions13
Assessment Task Cover Sheet – Assessment Task 225
Assessment Task 2: Market Research and Review27
Part A: Research Market Conditions28
Part B: Review Last Year’s Marketing Plans and Performance30
Part C: Market Analysis Report34
Part D: Consultation Meeting36
Assessment Task Cover Sheet – Assessment Task 339
Assessment Task 3: Finalising and Implementing a Marketing Plan41
Part A: Develop Marketing Plan42
Part B: Finalising Marketing Plan44
Part C: Implementing Marketing Plan47
Assessment Overview
This Student Assessment Booklet includes all your assessment tasks for BSBMKG623 Develop marketing plans.
Assessment Task Summary
This unit requires you to complete three assessment tasks. You must satisfactorily complete all tasks to achieve competency for this unit.
Assessment Task
Assessment Method
Task Summary
Assessment Task 1: Written Questions
Written questions
Students must answer 14 written questions in an open book written assessment.
Assessment Task 2: Market Research and Review
Project and role play
This task consists of four parts:
· Part A: Research Market Conditions
· Part B: Review Last Year’s Marketing Plans and Performance
· Part C: Market Analysis Report
Part D: Consultation Meeting
Assessment Task 3: Finalising and Implementing a Marketing Plan
Project and role play
This task consists of three parts:
· Part A: Develop Marketing Plan
· Part B: Finalising Marketing Plan
Part C: Implementing Marketing Plan
Assessment Documents
Required Additional Documents
The following additional documents support this Student Assessment Booklet and form part of the assessment tool for this unit. You will require them to complete the assessments for this unit.
· Supporting documents
· BSBMKG623 SD Market Research Template
· BSBMKG623 SD Market Analysis Report Template
· BSBMKG623 SD Marketing Plan 20XX
· BSBMKG623 SD CBSA Strategic Plan Summary 20XX
· CBSA supporting documents available via the CBSA website:
· BD001 CBSA Business Plan
· BD002 CBSA Style Guide
· BQ003 Access Equity and Anti-Discrimination Policy
· BQ005 Information Technology Policy Procedures
· CF005 Privacy Policy Procedures
· CF006 Quality Assurance Policy Procedures
· FM024 Lessons Learned Form
· HR005 Code of Ethics
· IM002 Document Management Policy and Procedures
· IM003 Communication Policy Procedures
· IM008 Marketing and Advertising Policy
· IM009 Risk Management Policy Procedures
· TM001 Email Template.
Assessment Task Cover Sheet
At the beginning of each task in this booklet, you will find an Assessment Task Cover Sheet. Please fill it in for each task where you need to submit items for assessment, making sure you sign the student declaration.
Your assessor will give you feedback about how well you went in each task and will write this on the back of the Task Cover Sheet.
The Assessment Process and Your Rights
Submitting your Assessment Tasks
When you have completed your assessment tasks, you will need to submit them, according to the instructions provided to you by your assessor or RTO.
If you are provided with a due date, you must make sure you submit your tasks in accordance with it. You may be required to apply for an extension if you require extra time, according to your RTO’s policies and procedures.
Instructions about submission can be found at the beginning of each assessment task.
Make sure you keep a copy of your tasks before you submit them. Your RTO will need to keep them as evidence and may not be able to return them to you.
Assessment Attempts and Resubmissions
1. You have up to three attempts to complete each assessment tasks satisfactorily. If after the third attempt, you have not completed a task satisfactorily, your assessor will make alternative arrangements for assessment, which may involve additional training and time to consolidate your skills and knowledge. When you are required to resubmit, you may be required to:
Resubmit incorrect answers to questions (such as written tasks and case studies)
Resubmit part or all of a project, depending on how the error impacts on the total outcome of the task
Redo a role play after being provided with appropriate feedback about your original 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
1. When you are required to resubmit, you’ll be given a due date for your resubmission. For example, you may:
Be given 30 days in which to resubmit incorrect responses to written tasks, projects and so on
Be provided with feedback about your performance in a role play and then being required to complete the role play again at a future meeting with your assessor
Need to complete workplace-based tasks again during the same workplace visit or additional workplace observations may need to be scheduled (as applicable)
All re-submissions will be conducted in accordance with the RTO’s policies and procedures.
Assessment Outcomes
1. Each assessment task will be given an outcome of either Satisfactory (S) or Not Satisfactory (NS). You must complete all tasks satisfactorily to achieve an overall outcome of Competent (C) for a unit. If one or more of tasks are assessed as Not Satisfactory, you will be given an outcome for the unit of Not Yet Competent (NYC).
You will be given a total of three attempts to complete each task and achieve a Satisfactory outcome. In the case of resubmission, you will be given a date by which you will need to resubmit, and you’ll be given feedback about what needs to be addressed in your resubmission.
Plagiarism, Cheating and Collusion
1. Plagiarism, cheating and collusion on assessments is not acceptable. Any incidence of this is considered academic misconduct. The definitions of each of these are below.
Cheating – seeking to obtain an unfair advantage in the assessment of any piece of work.
Plagiarism – to take and use the ideas and/or expressions and/or wording of another person or organisation and passing them off as your own by failing to give appropriate acknowledgement. This includes material from any sources such as staff, students, texts, resources and the internet, whether published or unpublished.
Collusion – unauthorised collaboration between students.
1. Where your assessor believes there has been an incident of academic misconduct involving plagiarism, cheating, and/or collusion, this will be addressed in line with the RTO’s policies and procedures which may ultimately lead to your withdrawal or you needing to complete the whole unit again.
Assessment Appeals
If you don’t agree with an assessment decision made, you have the right to appeal it. You may need to lodge your request for an appeal within a certain amount of time from the original decision being made. You will need to make your appeal in writing and follow your RTO’s process for appeals. Refer to your Student Handbook for more information about our appeals process.
Reasonable Adjustment
A legislative and regulatory framework underpins and supports the delivery of vocational education and training across Australia. Under this framework, providers of vocational education and training must take steps to ensure that students with recognised disabilities have the same learning opportunities and same opportunities to perform and complete assessments as students without disabilities. Sometimes reasonable adjustments are made to the learning environment, training delivery, learning resources and/or assessment tasks to accommodate the particular needs of a student with a disability. An adjustment is reasonable if it can accommodate the student’s particular needs while also taking into account factors such as:
The views of the student
The potential effect of the adjustment on the student and others
The costs and benefits of making the adjustment
RTOs are obliged by law to provide reasonable adjustments where required to ensure maximum participation of students with a disability.
Making reasonable adjustments requires the RTO to balance the need for change with the expense or effort involved in making this change. If an adjustment requires a disproportionately high expenditure or disruption it is not likely to be reasonable.[footnoteRef:1][1] [1: [1] Source: Innovation & Business Skills Australia. (2015). BSB business services training package: implementation guide. Retrieved from https://vetnet.gov.au/Public%20Documents/BSBv1.2%20Business%20Services%20Implementation%20Guide.pdf.]
Please discuss with your assessor if you believe a reasonable adjustment to an assessment task, method or process needs to be made on the basis of disability.
Information about Assessment
Dimensions of Competency
To be competent, you must show your ability to perform effectively in a broad capacity. The dimensions of competency ensure the person being assessed has the skills to perform competently in a variety of different circumstances. To be competent, you must demonstrate the following:
Task Skills: The skills needed to perform a task at an acceptable level. They include knowledge and practical skills, and these are usually described in the performance criteria.
Task Management Skills: These are skills in organising and coordinating, which are needed to be able to work competently while managing a number of tasks or activities within a job.
Contingency Skills: The skills needed to respond and react appropriately to unexpected problems, changes in routine and breakdowns while also performing competently.
Job Role/Environment Skills: The skills needed to perform as expected in a particular job, position, location and with others. These skills may be described in the range of variables and underpinning skills and knowledge.
Principles of Assessment and Rules of Evidence
Assessment must be conducted in accordance with the rules of evidence and principles of assessment (definitions from the Users’ Guide: Standards for Registered Training Organisations (RTOs) 2015).
The following are the definitions of
Answered 2 days AfterAug 03, 2022

Answer To: Student Assessment Booklet STUDENT ASSESSMENT BOOKLET BSBMKG623 Develop marketing plans Student...

Deblina answered on Aug 06 2022
15 Votes
bsbmkg623 develop marketing plan
Student Name:
Student ID:
ASSESSMENT TASK 1
Question 1
Provide a
ief description for each of the following three types of organisational structures:
a) Hierarchical organisational structure
A hierarchical organizational structure contains a direct chain of command from the top of the organization to the bottom. Senior management makes all critical decisions, which are then passed down through subsidiary levels of management. If someone at the bottom of this organizational pyramid wants to make a decision, they pass the request up through the chain of command for approval, for which a decision will eventually be returned.
) Functional organisational structure
The functional organizational structure organizes the activities of a business around areas of specialization. For example, there may be a marketing department that focuses solely on marketing activities, a sales department that only engages in sales activities, and an engineering department that only designs products and manufacturing facilities.
c) Horizontal or flat organisational structure
A horizontal or ‘flat' structure is an organisational structure with only a few layers of management. In a flat structure, managers have a wide span of control with more subordinates, and there is usually a short chain of command.
d) Divisional organisational structure.
The divisional organizational structure organizes the activities of a business around geographical, market,
or product and service groups. Thus, a company organized on divisional lines could have operating groups for the United States or Europe, or for commercial customers, or for the green widget product line.
STUDENT NAME:
STUDENT ID:
Question 2
Provide a
ief description of each of the following categories of consumer products or services:
a) Convenience products
Convenience products are bought the most frequently by consumers. They are bought immediately and without great comparison between other options. Convenience products are typically low-priced, not-differentiated among other products, and placed in locations where consumers can easily purchase them.
e) Shopping products
Shopping products are products that are purchased less frequently than convenience products but more frequently than specialty products. These products can range in price, style and quality, and consumers often spend a great deal of time comparing shopping products before purchasing them
f) Speciality products
Specialty product is a product that certain consumers will actively seek to purchase because of unique characteristics or loyalty to a specific
and. Consumers who seek specialty products know what they want and will spend the time and effort to get it. Typically, these consumers will not easily accept substitute products
g) Unsought products.
An unsought product is a product of which consumers are unaware or are not that interested in actively pursuing for purchase. A high degree of marketing, including heavy advertising and aggressive sales techniques, is often necessary due to consumer unawareness of the product or no real desire to purchase it. Another serious hurdle with an unsought product is that there is often no immediate tangible benefit obtained at purchase, and so, no incentive to make the purchase.
Question 3
Identify four key differences between marketing services and products.
    In terms of returnability,
Products can be returned when it comes to product marketing, on the other hand, service cannot be returned after they are rendered.
    Products are tangible, so customer can see and touch it, before coming to the buying decision. However, services are intangible, so it is difficult to promote services.
    Products are imagery and hence, receive quick response from customers.
However, services are non-imagery and do not receive quick response from customers.
    Quality of a product can be easily measured, but quality of service is not measurable.
Question 4
What are marketing objectives and how do they relate to strategic goals?
    Marketing objectives are actionable targets designed to provide not just overall direction, but clear and specific actions. They are specific, measurable, attainable, relevant, and time-based
Question 5
Give a
ief description of the following components of a Marketing Plan:
a) Environmental analysis
The Environmental Analysis presents information regarding the organization’s cu
ent situation with respect to the marketing environment, the cu
ent target market(s), and the fi rm’s cu
ent marketing objectives and performance.
h) Segmentation, target market and positioning
The analysis of cu
ent target markets assesses demographic, geographic, psychographic, and product usage characteristics of the target markets. It also assesses the cu
ent needs of each of the fi rm’s target markets, anticipated changes in those needs, and determines how well the organization’s cu
ent products are meeting those needs.
Positioning is a marketing concept that outlines what a business should do to market its product or service to its customers. In positioning, the marketing department creates an image for the product based on its intended audience. This is created through the use of promotion, price, place and product.
Market segmentation identifies basis for segmentation and determines important characteristics of each market segment.
i) Market objectives
Marketing objectives are actionable targets designed to provide not just overall direction, but clear and specific actions. They are specific, measurable, attainable, relevant, and time-based
j) Marketing strategy or marketing mix
The marketing mix is the set of controllable, tactical marketing tools that a company uses to produce a desired response from its target market. It consists of everything that a company can do to influence demand for its product. It is also a tool to help marketing planning and execution.
k) Budget
A detailed outline of the organization’s allocation of financial resources to marketing activities. The activities will need to be ca
ied out within the marketing budget.
l) Implementation plan
A marketing implementation plan is a process of taking action on tasks, projects, strategies and plans for marketing, advertising and sales.
m) Monitoring/evaluation control plan including a risk contingency plan.
To manage risk, a company tries to identify sources of uncertainty. It lists risks and analyzes the likelihood that an event will take place. For marketing plans, internal risks include the loss of key employees, physical damage to production facilities and technical or quality failures. External risks come from the competitive environment, regulatory actions or legal challenges. Marketing risk assessment looks for events that could influence company marketing performance and assigns a probability of the event occu
ing.
Contingency planning puts in place measures to address the identified risks in marketing a product or service. Companies plan for financial risks by budgeting for contingency funds. They reduce the risks of not meeting marketing targets in production by developing disaster recovery plans and ensuring availability of trained employees with succession plans. They reduce legal risks by instituting quality control and assigning clear organizational responsibilities. They may avoid risks that are too high by not engaging in the activity that ca
ies the risk, and they may accept risks with low probability and low impact.
Question 6
Describe two features of each of the following approaches to increase marketing opportunities:
a) Strategic alliances
A strategic alliance is an a
angement between two companies to undertake a mutually beneficial project while each retains its independence. The agreement is less complex and less binding than a joint venture, in which two businesses pool resources to create a separate business entity.
n) Cooperative business models.
The co-operative business model combines the best of small business ownership and a corporation. It often includes local wealth creation and reflects community interests, like a small business. But it also provides governance, potential for longevity and limited liability, like a corporation.
Question 7
Identify two circumstances in which it would be beneficial to launch new products or services that target specific markets.
A target market is a group of customers within a business’s serviceable available market at which a business amis its marketing efforts and resources. Creating new products ot service to target specific markets allows an organisation to focus resources on a specific market that is more likely to buy from the organisation than other markets. This is a much more affordable, efficient, and effective way to reach potential clients and generate business.
Question 8
Identify two methods that can help achieve greater market penetration with existing products or services.
Pursuing greater market penetration with existing products or services. Pursuing greater market penetration means adopting methods or strategies so as to be able to create a niche in the already existing market. It results in the successful selling of a product or service in a specific market. It is measured by the amount of sales volume of an existing good or service compared to the total target market for that product or service. Pursuing greater market penetration helps establish the business cu
ent statetion and which direction it needs to expand in to achieve market growth.
Question 9
Describe how an organisation can increase marketing opportunities by undertaking a takeover of a competitor.
A take-over is when an organisation purchases another organisation and combines them into on entity. The organisation that has purchased the other one becomes responsible for all of the other’s operations.
Take-overs are similar to acquisitions, take-overs have a more negative connotation. It insinuates that the target organisation does not with to be purchased and the process can be unwelcomed and unpleasant take-overs can help an organisation to improve efficiency, get better sales revenue, and get better martket share.
Question 10
Describe an advantage for a new business to buy a franchise.
New business means any assets or business acquired by company or any of its subsidiaries in a permitted acquisition.
Franchising occurs when an organisation gives permission to another company to use aspects of the original organisation. These can include the trade name and specific business systems and processes. Usually, the company buying the rights to aspects of original company will pay a one-off fee plus a percentage of their sales revenue.
Franchising can help an organisation to get and keep customers, capture market share, expand business rapidly at minimal outlay, and expand earnings at minimal outlay.
Question 11
Describe one characteristic of the following three common marketing strategies:
a) Content marketing
Content marketing is a marketing strategy used to attract, engage, and retain an audience by creating and sharing relevant articles, videos, podcasts, and other media. This approach establishes expertise, promotes
and awareness, and keeps your business top of mind when it's time to buy what you sell.
o) Personalising the marketing messages
Marketing personalization, also known as personalized marketing or one-to-one marketing, is the practice of using data to deliver
and messages targeted to an individual prospect. This method differs from traditional marketing, which mostly relied on casting a wide net to earn a small number of customers
p) Data-driven strategy.
Data-driven marketing is the approach of optimising
and communications based on customer information. Data-driven marketers use customer data to predict their needs, desires and future behaviours. Such insight helps develop personalised marketing strategies for the highest possible return on investment (ROI).
Question 12
Describe one characteristic of the following two marketing approaches:
a) Commodity approach
This approach refers to the study of a product in detail. The marketing situation of each product chosen for study is examined from such viewpoints as sources and conditions of supply, producer marketing organisations, policies, different middlemen (wholesaler’s 6f retailers etc.) who take part in distributing the product.
q) Institutional approach.
This approach relates to various marketing institutions viz., wholesalers, retailers etc., engaged in marketing. In applying this approach, a thorough study with regard to a particular middleman is undertaken. For example, in retailing, nature and significance of retailing in terms of functions and services performed and rendered by retail institutions like departmental stores, multiple shops, mail order houses etc.
Question 13
Describe a process to ensure marketing strategies, approaches and marketing mix align to organisational objectives and are legal, ethical, and achievable.
To great extent, developing the marketing strategy follows the same sequence of activities used to define a corporate strategy. The chief difference is that the marketing strategy is directly affected by the overall corporate strategy. That is, the marketing strategy needs to work with – not apart from – the corporate strategy. As a result, the marketing strategy must always involve monitoring and reacting to changes in the corporate strategy and objectives.
In order to be effective, a marketing strategy must capitalise on the resources at its disposal within the company, but also take advantage of the market forces that are outside the company. One way to assess these different factors, or inputs, is by conducting a situation anaylsis. As you recall, a SWOT analysis includes a review of the company's internal strengths and weakenesses and any external opportunities and threats that it faces.
The marketing strategy defines how the marketing mix can best be used to achieve the corporate strategy and objectives. The centerpiece of the marketing strategy is the target customer. While the corporate strategy may have elements that focus on internal operations or seek to influence external forces, each component of the marketing strategy is focused on the target customer. Objectives can create alignment between corporate and marketing strategies. If the corporate objectives are clearly defined and communicated, they can guide and reinforce each step of the marketing planning process.
Question 14
Identify five legislation and regulatory requirements relevant to developing and implementing a marketing plan for an organisation.
1. Situation analysis
Situation analysis should be very comprehensive and include a detailed overview of the characteristics of your business as well as outside...
SOLUTION.PDF

Answer To This Question Is Available To Download

Related Questions & Answers

More Questions »

Submit New Assignment

Copy and Paste Your Assignment Here