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BSBMKG541_LAP_F_v1.0__2_assessment .docx Learner Assessment BSBMKG541 Identify and evaluate marketing BSBMKG541 – Identify marketing and evaluate marketing opportunities Overseas Student Information...

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BSBMKG541_LAP_F_v1.0__2_assessment .docx
Learner Assessment
BSBMKG541
Identify and evaluate marketing
BSBMKG541 – Identify marketing and evaluate marketing opportunities
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2BSBMKG541– Identify and evaluate marketing opportunities
Table of Contents
Instructions...............................................................................................................................
....4
Scenario....................................................................................................................................
....5 Assesment Task
1...................................................................................................... XXXXXXXXXX6 Assesment
Task 2...................................................................................................... XXXXXXXXXX7
3 BSBMKG541– Identify and evaluate marketing opportunities
Instructions
The summative assessment comprises of a copywriting tasks.
It is important that you must attempt and complete all the questions.
You must pass all the tasks in order to achieve competency in the unit.
You will be given an access to a real or a simulated business, it’s business policies and
procedures to complete the tasks successfully.
For submission dates please refer to:
 Your training log
 The Lonsdale’s Learning Management System (Moodle)
Student details and declaration
Student Name Student ID
Declaration of authenticity
I, the above-named student, confirm that by submitting, or causing the attached assignment (and any
additional attachment associated with it) to be submitted, I have not plagiarised any other person’s
work in this assignment and except where appropriately acknowledged, this assignment is my own
work, has been expressed in my own words, and has not previously been submitted for assessment.
I do understand and accept the consequences of academic misconduct according to Lonsdale’s Pty
Ltd.’s Policies and Procedures.
4BSBMKG541– Identify and evaluate marketing opportunities
Scenario
You are working for a marketing agency, Avalon Marketing Agency. A client, Jane, has
approached you for identifying and evaluating marketing opportunities for their business.
Client Brief
About the client
Grazing Box Co. is a premium provider of gourmet dessert and savoury grazing boxes in
Melbourne, Victoria. They source the yummiest products, put them in a cute little box with
loads of little goodies and deliver them to the client’s door.
The Project
The client want you to research, identify and evaluate marketing opportunities for thei
usiness. Target Audience and Positioning
The cu
ent target audience of the business include:
 Based in Melbourne, around 40km radius from CBD
 Age demographic – 25 to 55 years old
 Medium to high income earners
 Likes to get together with family and friends
 Outdoor lovers
 They have disposable income to spend
Business Goals and Objectives
The client is expecting to achieve the following goals and objectives with this exercise:
 Increase business sales by 30%
 Reach new markets and new customers
 Launching more diversified product range and options
 Build loyal customer base
 Hire new staff and build a better
and overall
5
BSBMKG541– Identify and evaluate marketing opportunities
 Expand business and
Cu
ent business operations
Business has been operating for the last one year. Over that time, business has been seen
significant growth.
Cu
ently, the business is registered as a sole trader structure and have one staff to help in
preparing orders. Business owner is cu
ently managing most of the operations of the
usiness including marketing, financial, order fulfilment and delivery except help from staff
who prepares orders.
All the orders are fulfilled via delivery only service as business does not have a pick up
facility or a shopfront. The delivery cost is $20 per order.
At present, Jane is doing her marketing through word of mouth and Instagram page only.
Sometimes when she is really busy, she hires freelancers to help with Instagram marketing.
No paid ads are used for growing the business.
Financial details
In the first year of the business. client has provided the following financial details:
 Total boxes sold: 2000
 Average order price: $65
 Profit percentage per box: 35%
 Cost per box: 65%
 Project sales for 2022: 3000 boxes
Useful Websites
 Case study inspiration: https:
littleboxco.com.au
 Your agency: https:
ama.
izy.site
 Avalon agency employee website: https:
www.notion.so/overseasstudentsau/Avalon
Agency-Employee-Home-cd7f0f54e7a94ef2a2cee22b293deef3

6BSBMKG541– Identify and evaluate marketing opportunities
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Lonsdale Institute Learner Assessment Pack
Assesment Task 1
You are working for a marketing agency, Avalon Marketing Agency. A client has approached
you to identify and evaluate marketing opportunities.
In this task, you will be required to read the client
ief, organisation policies and procedures
provided to you, and then identiy and evaluate at least 3 marketing oppotunities for you
client.
You can choose the scenario provided by your trainer or alternatively you can choose you
own client for this task.
Based on the choosen scenario, complete the following sections:
Section 1 –Explore marketing opportunities
To complete this task, you will need to prepare an research document (using the template
provided) for the stakeholders in your business that should address:
 Analyse information on market and business needs for marketing opportunities by: o
Introduction about the client including cu
ent organisational structure
o Cu
ent marketing mix (4ps) of the client
o Key business objectives of the client
o List of organisation policies and procedures provided (refer to business policies and
procedures document)
o Cu
ent target market
o Customer market size
o Market trends
o Legal and ethical requirements
 Identify potential new markets
o Identify at least three possible marketing opportunities for the business
 Apply innovative approaches relevant to the development of potential marketing
opportunities
o Explain the innovative approaches used in identifying the potential of marketing
opportunities
Section 2 –Evaluate marketing opportunities
In this section of the task, you are required to evaluate marketing opportunities you selected
in section 1 of the task:
 Identify and analyse opportunities for organisational fit according to organisational goals
and capabilities
o Use the organisational fit analysis table in the template for completing this part Analyse
the viability of each opportunity
o Using the viability table in the template, analyse each marketing opportunity you identified
earlier in Part A
 Determine probable return on investment and potential competitors
o Estimate sales, volumes and return on investment
o Research the potential competitors for these opportunities
 Select top 2 marketing opportunities according to outcomes of viability analysis, return on
investment and competition and explain your reasons for choosing the marketing
opportunity
7
BSBMKG541– Identify and evaluate marketing opportunities
This study source was downloaded by XXXXXXXXXXfrom CourseHero.com on XXXXXXXXXX:27:23 GMT -05:00
https:
www.coursehero.com/file/ XXXXXXXXXX/BSBMKG541-LAP-F-v10-2docx
Lonsdale Institute Learner Assessment Pack
Important: You must use the template provided for the task as further guidelines provided in
the template.
8BSBMKG541– Identify and evaluate marketing opportunities
Assesment Task 2
This is a continuation of assessment task 1.
You are working for a marketing agency, Avalon Marketing Agency. A
Answered 23 days After Jun 07, 2022

Solution

Shubham answered on Jun 30 2022
91 Votes
Running Head: MARKETING MANAGEMENT                        1
MARKETING MANAGEMENT                                8
MARKETING MANAGEMENT
Table of Contents
Section 1 –Explore marketing opportunities    4
Introduction    4
Cu
ent marketing mix (4ps) of the client    4
Key business objectives    5
List of organization policies and procedures provided    6
Cu
ent target market
    6
Customer market size    6
Market trends
    7
Legal and ethical requirements
    7
Identify potential new markets    8
Possible marketing opportunities    8
Apply innovative approaches relevant to the development of potential marketing opportunities
    9
Explain the innovative approaches used in identifying the potential of marketing opportunities    10
Section 2 –Evaluate marketing opportunities    10
Organizational Fit    10
Viability Analysis    11
Probable return on investment and potential competitors
    12
Selected marketing opportunities    14
Task 2    15
Email    15
Resource table    15
References    17
Task 1
Section 1 –Explore marketing opportunities
Introduction
Grazing boxes is a gourmet dessert company, which offers wide range of platters to serve guests containing freshly bakes pastries, fruits and other saviors [15[footnoteRef:1]]. It is one year young company with strong growth oriented operations. The high quality taste products are made from fresh farm sourced materials. They have different variety of boxes to suit the individual needs of suiting the occasion [15]. They believe in delivering perfection. The organization structure is faltarchy as owner looks after financial, marketing and technical aspects along with a help who assist in the baking and a
angements. [1: [15] Grazing Box Co., (2021) Home Retrieved from https:
www.grazingbox.com.au
]
Cu
ent marketing mix (4ps) of the client
Product: It alludes to the thing really being sold. The item should convey a base degree of execution; generally even the best work on different components of the showcasing blend will not be super-beneficial. Grazing Box co. is most popular in Melbourne for its savoury boxes, which are curated as per customer’s request. The quality of the product is the real strength due to which it has popularity in the city. Another attraction is goodies and the door delivery offered by the company to its customers. It is the first preference in weddings, meetings and special occasions where guests are special.
Price: Price is setup as per the value of the product, the target market and the capacity of the customer o pay. It is also a symbol of differentiation, demand and supply of the product and
and reputation. A standardized pricing strategy is implemented by the company by keeping in consideration the market factors which impacts the business directly and indirectly. The prices are competitive as these are personalized boxed and thus bulk order discount is available on them. The price along with delivery costs comes to be $45 per box.
Place: The place of the business s very important to excel in he market because being present in the eyes of the customer within their reach is crucial for distribution. The business is located in Melbourne a city of opportunities and exploration. The business serves in the radium of 40km of its office and the presence of medium to high earners make it a perfect place to do the business. People are party lovers and like to spend most of the time outdoor and therefore the demand for graze products is high in the market due to personalized curation.
Promotion: This alludes to every one of the exercises em
aced to spread the word about the item or administration for the client and exchange. This can incorporate publicizing, ve
al, press reports, motivators, commissions and grants to the exchange [12]. To promote the company social media is an effective tools as the work done by the company can be showcased and it will help to generate the business also. Social media is efficient to increase the sales of Grazing Boxes through sponsored advertisements, directly connected to the owner, through reference, sharing posts, sharing of links etc. Site refe
als is the biggest source of driving traffic to the website.
[footnoteRef:2] [2: [12] Sun, X., Foscht, T., & Eisingerich, A. B. (2021). Does educating customers create positive word of mouth?. Journal of Retailing and Consumer Services, 62, 102638.
]
Key business objectives
· The business objective of Grazing Box Co. is to be a specialist in social catering which is creative, tempting, delicious and healthy to create a loyal customer base.
· They also aim at being eco-friendly and offer a quality, which is unbeatable and authentic by serving diversified products.
· To remain exclusive and personalized so that distinguishable services can be offered to clients during every transaction, which will lead to increase in sales.
· To create a
and and recruit talent which is visionary and connect with the goals of the business instantly.
· To reach new markets and serve new customers
List of organization policies and procedures provided
· Social media policy
· Ethical Code of conduct
· Refund and Cancellation policy
· Shipping and Delivery Policy
· Request Time off
· Vacation policy
· Blog Post Policy
· Privacy Policy
Cu
ent target market

The target market is the Gen Y and Z and millenials who are looking for customized, personalised and tasteful desserts and savoury boxes for themselves and their guests.
The persona of the customer is as follows:
They are interested in online booking of orders due to COVID being cashless is new preference. They want to buy the product at the convenience of their home and want it at their doorstep. Grazing Boxes Co. need to introduce different boxes with snack size on online window so that customer can visualize the actual thing. The target age of customer is between 23-50 years who fall between medium to high income group. As it is believed that women are more considerate about well-being and food a
angements so they will be the first target for the company.
Customer market size
The industry is growing and there is huge potential in store for it. More and more entrepreneurs are turning their passion for food into business as innovation is highly experimental in this segment. Customers are looking for new and unique to explore and to offer their guests. The market size is nearly to $150 million and still growing with fast pace. Gen Z and millennials are quite interested in it and remain quite informative about the trends like grazing platter, the popular ingredients, ways to lower the cost etc. It is a new age snacking trend which is not only popular in Australia but slowly expanding to other parts of the world
Market trends

The grazing boxes have
ought disruption in the food and catering industry. The customized platter is slowly making its way and becoming popular among young generation as it is one of its kind of food fusion [11]. People who like taste and like to experiment are liking graze boxes very much. There are varieties to be offered in terms of ingredients to decorate a grazing box from cheese to bacons, to fruits to desserts, to salads to wines and what not. They are quite handy to hold and do not create wastage of food. Even if the guest is not feeling like to eat they can take their box home and have it later.
The grazing boxes are mostly popular for destination weddings, birthdays, engagements, business meetings, or even picnics. They offer the freedom to choose what to be included and...
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