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Marketing

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Nov 24, 2024

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Student Name: Student ID: Trainer Name: Saurabh Khosla UOC: BSBMKG431 Due Date: 02/10/2022
Short Answer Questions Question 1 Access the following federal legislation that affects marketing roles: Privacy Act 1988 https://www.legislation.gov.au/Series/C2004A03712 Spam Act 2003 https://www.legislation.gov.au/Series/C2004A01214 Answer the questions below about the requirements affecting marketing roles from the legislation accessed. Access the Schedule 1 Australian Privacy Principle 7 section of the Privacy Act 1988 to answer the next two questions. a. Briefly explain Subclause 7.1 . b. Identify the three provisions in Section 7.5 when an organisation may use or disclose personal information for direct marketing despite the provision in subclause 7.1 . i. ii. iii. Access Part 2 of the Spam Act 2003 to answer the next two questions. c. List the three components of the simplified outline of rules about sending commercial electronic messages. i. ii. iii. d. Identify the four conditions when a person with accurate sender information can send a commercial electronic message with an Australian Link.
i. ii. iii. iv. Question 2 Complete the table below about data collection and data analysis techniques used for market research: a. Identify at least two techniques for each of the following: Data collection Data Analysis b. For each technique identified, explain how each technique can be used during market research. Technique How Each Technique Can Be Used in Market Research a. Data collection i. Page 11-13 ii. c. Data Analysis i. Page 25 ii.
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Question 3 Define the four components of the marketing mix listed below. Components of the Marketing Mix Definition of Components of the Marketing Mix a. Product Page 7 b. Price c. Place d. Promotion Question 4 Define the seven elements of marketing planning used during market research listed below Elements of Marketing Planning During Market Research Definition of Elements of Marketing Planning a. Budgets Page 22 b. Finances
c. Objectives d. Strategies e. Macro Situational Analysis f. Micro Situational Analysis g. Timelines
Question 5 Define the four concepts of marketing communications listed below. Marketing Communications Concepts Definition of Marketing Communications Concepts a. Branding Page 23 b. Online Presence c. Positioning d. Public Relations
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Question 6 Briefly explain each of the seven steps of the marketing communications process listed below . Steps in Marketing Communications Process Explanation of Steps in Marketing Communication Process a. Identification of the Target Audience Page 24-25 b. Communication Objectives c. Message Design d. Message Content e. Message Structure and Format f. Media g. Collecting Feedback
Question 7 Bounce Fitness is a premiere fitness centre in Australia. Access the Bounce Fitness Corporate Marketing Plan. Refer to that document to answer the questions below. Learn more about Bounce Fitness in the link below: Introduction https://bouncefitness.precisiongroup.com.au/ Access the Bounce Business Plan document in the link below: Bounce Fitness Corporate Marketing Plan https://bouncefitness.precisiongroup.com.au/category-infrastructure/current- projects/ Answer the following questions about Bounce Fitness’ Corporate Marketing Plan. a. Explain Bounce Fitness’ Market Summary. b. Based on the market needs of the Bounce Fitness Corporate Marketing plan, identify at least three benefits that are important to customers i. ii. iii. c. Identify at least five keys to success based on the Corporate Marketing Plan. i. Page 7 of “Corporate Marketing Plan” ii. iii. iv. v.
Question 8 Listed below are two of the products and services that Bounce Fitness offers. Pre-Workout Powder Personal Training Answer the following questions about relevant product and service standards of Bounce Fitness’ product and service . a. Identify at least one product standard that applies to Bounce Fitness’ Pre- Workout Powder. b. Identify at least one service standard that applies to Bounce Fitness’ Personal Training Service. Question 9 Provide at least two techniques used for each of the best practices for marketing listed below: Techniques refer to marketing techniques that are relevant to the best practices related to marketing provided. Best Practices for Marketing Technique a. Digital Marketing i. ii. c. Branding i. ii.
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Question 10 Define the four relevant statistical terms listed below, used in market research from the Australian Bureau of Statistics. Relevant Statistical Terms Used in Market Research Definition of Relevant Statistical Terms Used in Market Research a. Population Page 11-13 b. Observation c. Quantitative Data d. Qualitative Data
Assessment 2 – Workplace Project Assessment Forms and Templates Generic forms and templates are provided in the project tasks, unless otherwise specified. These can be accessed from the following link: BSBMKG431 Forms and Templates Username: albrightlearner Password: albright@123 Review these forms and templates with your assessor before starting the task. Task 1: Consult Supervisor to Establish Task and Organisational Requirements Submit any supplementary documents/sources needed for this task to your assessor, these include: Workplace documentation with information on requirements of your identified task. These can include: o Email containing information of your task. o Your job description. Organisational requirements applicable to the task identified. These can include: o Marketing policies and procedures. o Organisational standards for marketing. Organisational structure. Existing business plan. Existing marketing plan
Marketing Policies and Procedures Bounce Fitness provides clear and factual information about its products and services. This enables prospective clients to make informed decisions on these products and services. Bounce Fitness assumes responsibility for all marketing materials disseminated on its behalf. Bounce Fitness ensures that its products and services are marketed ethically. Its marketing processes and practices provide accurate information about these products and services to both current and prospective clients. Bounce Fitness ensures all marketing and promotional activities abide by all Legislation, Regulations, Codes of practice and National standards relevant to the Fitness Industry and Marketing in Australia, these include but are not limited to the following: Competition and Consumer Act 2010 Privacy Act 1988 All State/Territory Workplace Health and Safety Acts Pricing Regulations Spam Regulations As part of the business’ compliance strategy, Bounce Fitness will not use or include copyrighted work in its commercial materials. The business will also refrain from purchasing products and services that have infringed on legislation, regulations, codes of practice and national standards.
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Bounce Fitness Marketing Policies and Procedures v1.1 1. Marketing Accuracy Policy Bounce Fitness promise to: 1.1 Provide up-to-date and accurate information to its clients, and the general public at all times; 1.2 Provide current and accurate information that enables potential clients to make informed decisions; 1.3 Provide advice to prospective clients on products appropriate to their needs; 1.4 Provide all relevant information to clients, prospective clients, and other stakeholders as soon as practicable in easily accessible media; 1.5 Market all products and services in an ethical manner, ensuring integrity, avoiding misleading or ambiguous statements, and enabling potential clients to make informed decisions. 2. Marketing Accuracy Procedures 2.1 Bounce Fitness must provide current and accurate information that enables potential clients to make informed decisions. 2.2 Check if the source of information is reliable. Use published (digital or print) materials and scholarly articles that cite the source of information presented. 2.3 Check if the source of information is current. The date of any research information is necessary to determine if the information presented is recent enough and is not obsolete. 2.4 Check if the source of information is contextual. Use information that is relevant to the industry, set forth by an authority (e.g. regulator, governing body, or management). 3. Ethical Marketing Policy Bounce Fitness promise to: 3.1. Provide up-to-date and accurate information to its clients, and the general public at all times; 3.2. Provide current and accurate information that enables potential clients to make informed decisions; 3.3. Provide advice to prospective clients on products appropriate to their needs; 3.4. Provide all relevant information to clients, prospective clients, and other stakeholders as soon as practicable in easily accessible media; 3.5. Market all products and services in an ethical manner, ensuring integrity, avoiding misleading or ambiguous statements, and enabling potential clients to make informed decisions.
Bounce Fitness Marketing Policies and Procedures v1.1 4. Ethical Marketing Procedures 4.1 Bounce Fitness must market all products and services in an ethical manner, ensuring integrity, avoiding misleading or ambiguous statements, and enabling the clients to make informed decisions. 4.2 Consider the affected parties. Know all of the key stakeholders involved in the project, how they prefer to communicate, what their needs are, and what the acceptable end results are. 4.3 Consider the consequences of each marketing approach to promote responsibility, accountability, and cooperative problem-solving. 4.4 Consider the organisation’s obligations in complying with laws and regulations dealing with business operations, staff management, and consumers relations. 5. Development of Marketing Materials Policy and Procedure 5.1 Marketing staff must develop marketing templates in accordance with the Bounce Fitness’s policies. 5.2 Marketing staff must send the template to Management for approval. 5.3 Management must approve all marketing templates, and suggest changes as needed. 5.4 If approved, Management must send the templates to the CEO for feedback and approval. 5.5 CEO must approve the templates and suggest changes as needed. 5.6 CEO must send templates back to marketing team with approval with their specific additional comments. 5.7 If the templates are not approved, return to step 1 and rectify the template based on the comments of both the Manager and CEO. If the templates have been approved, the materials must then be developed according to the approved templates and the comments of the Manager and CEO.
Task 2: Review and Analyse Existing Marketing Clients MARKETING CLIENT ANALYSIS Learner Name Your Name Work Role Marketing Manager Workplace/Organisation Bounce Fitness Date Prepared 21 st September 2022
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PART A: SWOT ANALYSIS Conduct a SWOT analysis of each marketing client against your organisation. a. Marketing Client Community fitness programs Strength Weakness Opportunity Threat Results-oriented approach to attracting and High costs associated with customised, personal Identify at least one gap and one opportunity of the organisation against the identified marketing client. Gap Opportunity
a. Marketing Client Forever Fit Gym services Strength Weakness Opportunity Threat Identify at least one gap and one opportunity of the organisation against the identified marketing client. Gap Opportunity
PART B: PESTEL ANALYSIS Conduct a PESTEL analysis of your organisation. Political Factor Economic Factor Social Factor Technological Factor Environmental Factor Legal Factor Identify at least one gap and one opportunity of the organisation following the PESTEL analysis. Gap Opportunity
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PART C MARKETING OPPORTUNITIES Identify at least five marketing opportunities of the organisation according to the target market. i. ii. iii. iv. v.
Task 3: Perform Market Segmentation and Analysis MARKET SEGMENTATION AND ANALYSIS Learner’s Name Work Role Workplace/Organisation Date Prepared PART A: MARKET SEGMENTATION General Numerical Figure of the Target Market 15,800 Segmentation Categories of the Target Market Market Segments Numerical Figure of Each Segment Percentage of Each Segment Demographics Single 67% Demographics Married 33%
PART B: IDENTIFICATION OF MARKETING FACTORS Identify at least two marketing factors of the organisation based on the PESTEL analysis from Workplace Project Task 2 . a. b. PART C: REVIEW OF MARKET SEGMENTS AGAINST MARKETING FACTORS Review the relationship between the market segments and marketing factors identified. Market Segment Marketing Factor Demographic Leisure interests Briefly explain how the identified marketing factor affects the buying behaviour of the target market against the identified market segment. Market Segment Marketing Factor Briefly explain how the identified marketing factor affects the buying behaviour of the target market against the identified market segment.
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Market Segment Marketing Factor Briefly explain how the identified marketing factor affects the buying behaviour of the target market against the identified market segment. Market Segment Marketing Factor Briefly explain how the identified marketing factor affects the buying behaviour of the target market against the identified market segment. PART D IDENTIFY OPPORTUNITIES Identify at least three marketing opportunities for focus of the organisation’s marketing efforts from the identified opportunities from Workplace Project Task 2. i. ii. iii.
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Task 4: Evaluate and Select Marketing Opportunities MARKETING OPPORTUNITY ANALYSIS Learner’s Name Work Role Workplace/Organisation Date Prepared PART A: IDENTIFICATION OF MARKETING OBJECTIVES Identify at least two marketing objectives of the organisation. i. ii. PART B: IDENTIFICATION OF MARKETING OPPORTUNITIES Identify at least two preferred marketing opportunities in consultation with relevant personnel. . i. ii.
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Task 5: Present Opportunities to Management Submit at least one of the following: Email correspondence Meeting minutes Video recording of presentation conducted with management.
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