507 BSBMK
ASSESSMENT INFORMATION
Welcome to your Student Assessment Workbook for BSBMKG507 Interpret Market Trends and Developments.
This Student Assessment Workbook is where you will write all your responses for the knowledge questions. Please refer to the Student Assessment Guide for more information.
This assessment has the following events:
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Assessment Event 2 – Simulation: A & A Coffee |
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You will complete a number of tasks that will provide us with evidence of your skills with analysing quantitative data and qualitative information, compiling a report based on your analysis, and documenting future marketing strategies to contribute to the ongoing development of a case study organisation. These tasks will be based on your role of Marketing Intelligence Officer in a simulation with A & A Coffee, a chain of retail cafes that operates nationwide across Australia. |
To complete the Simulation, you will need to refer to the following resources:
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AUD vs USD data |
Time series data which shows the relationship between Australian dollar (AUD) and the US dollar (USD). You will use this data in Task 1.1 to identify the trend between the two currencies. |
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Global Coffee Price data |
Time series data which shows the change in coffee prices, globally. You will use this data in Task 1.1 to discover the economic trends amongst various coffee types. |
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ABS Coffee CPI data |
Time series data which shows price trends for coffee, tea and cocoa products in Australian capital cities. You will use this data in Task 1.1 to identify the price variations over time for similar product lines. |
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SIMRA report |
Report generated by Statistical International Marketing Research Agency (SIMRA). You will use this information in Task 1.4 when analysing qualitative and quantitative information about the local coffee industry. |
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Competitor Market Share |
This data shows the market share performance of current competitors. You will use this data in Task 1.5 to identify the potential opportunities and threats. |
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PoS Data from Stores |
This is the register data from the stores. You will use this data in Task 2 to examine the overall business performance for each product and store. |
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Reporting Standards |
This is the organisational style guide on writing reports. You will refer to this document when generating your Market Analysis Report and presentation aids. |
Please note that your responses for both assessment events can (where appropriate) use dot point format. See below an example of a dot point response and a full sentence response.
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Dot point format |
Presentation Plan includes the following: · outcomes · needs of the audience · context. |
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Full sentence format |
When you are preparing for a presentation, there are a number of tasks that must be carried out. These are listing the outcomes that you want to achieve, followed by the identification of the needs of your audience. When you have completed these two tasks you then check on the room that you will be conducting the presentation in. |
To Achieve Competence
To be deemed competent for this unit, you will need to meet the following requirements:
· complete all of the questions and tasks listed in the Student Assessment Workbook
· meet all the requirements listed in this Student Assessment Guide
· your responses to the questions and tasks must be relevant, accurate and specific
· submit your completed Student Assessment Workbook to your Assessor within the set timeframes
· your work must be in your own words
· where you use an external source of information, you must provide citation.
ASSESSMENT 2 – a & a coffee simulation
In this assessment, you will undertake a number of tasks associated with documenting a Market Analysis Report for A & A Coffee, an Australian café chain. In this simulation you will perform the following actions:
· apply statistical and qualitative analysis techniques to analyses a set of qualitative and quantitative data
· drill down into the datasets and comparative market information, and mine out the patterns in market trends and developments, organizational business performance and competitor performance
· present the report to key stakeholders.
Task 1: Interpret Trends and Market Developments
In this task, you will analyse the quantitative and qualitative datasets provided (as separate attachments) to you using relevant quantitative and qualitative data analysis methods. You will then document your findings in their Market Analysis Report.
1.1 Use statistical analysis of market data to interpret market trends and developments
Insert your response here:
1.2 Analyse market trends and developments for their potential impact on the business
Insert your response here:
1.3 Use quantitative data analysis to interpret comparative market data
Insert your response here:
1.4 Perform data analysis to review business performance
Insert your response here:
1.5 Analyse competitors to identify potential opportunities and threats
Insert your response here:
Task 2: Analyse Qualitative Results
In this task, you will analyse the datasets provided to you and mine out A & A Coffee’s overall business performance. You will then analyse the results and suggest a strategic pathway to remain competitive in the market using a qualitative forecasting method. Finally, you will document your findings in your Market Analysis Report.
2.1 Analyse performance data from all areas of the business
Insert your response here:
2.2 Identify over-performing and under-performing products
Insert your response here:
2.3 Forecast market needs using qualitative visionary forecasting method
Insert your response here:
Task 3: Report on Market Data
In this task, you will plan and deliver an interactive presentation with two key stakeholders of A & A Coffee to present your findings in the Market Analysis Report.
3.1 Prepare visual aids
Prepare your visual aids using an appropriate slideshow preparation software.
Attach the printed format to your Student Assessment Workbook.
3.2 Report on analysis of market data
Your Assessor will observe your presentation. Refer to your Student Assessment Guide for detailed instructions.
3.3 Finalise the Market Analysis Report
Upon the receipt of the feedback from the two stakeholders, make the necessary adjustments to your Market Analysis Report.
Feedback Evaluation Sheet
The Feedback Evaluation Sheet below is the assessment questions and tasks for each of the assessment events that the student is required to complete. Assessors, tick ‘S’ if the student achieved a satisfactory outcome for an assessment task and ‘NYS’ if the student does not meet these requirements. Also, you are required to write comments on the quality of this evidence under the ‘Comments’ column. For your judgement on the student’s overall performance, tick ‘Satisfactory’ if the student achieves a satisfactory outcome for all of the tasks or ‘Not-Yet-Satisfactory’.
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Feedback Evaluation Sheet |
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Assessment Event 2 |
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NYS |
Comments |
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Task 1: Interpret Trends and Market Developments |
Sub Task 1.1 |
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Sub Task 1.2 |
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Sub Task 1.3 |
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Sub Task 1.4 |
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Sub Task 1.5 |
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Task 2: Analyse Qualitative Results |
Sub Task 2.1 |
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Sub Task 2.2 |
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Sub Task 2.3 |
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Task 3: Report on Market Data |
Sub Task 3.1 |
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Sub Task 3.2 |
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Sub Task 3.3 |
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Feedback to Students:
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Assessment Outcome Satisfactory Not Yet Satisfactory |
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Assessor’s Signature: |
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Date: |
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BSBMKG507 Interpret Market Trends and Development – A2 7