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ASSESSMENT COVERSHEET – Individual (VET)

STUDENT DETAILS:
Student Name Student Number

ASSESSMENT DETAILS:
Course Name BSB50215 Diploma of Business
Subject name C5MK01V15-A Marketing Planning-A
Unit Name and code BSBMKG507 Interpret market trends and developments
Trainer

Block and Year Due date

EXTENSION INFORMATION: (Details of separately submitted and approved Assignment Extension Application)
Extension Granted No  Yes 
Revised due date
Extension approved by
Approval date

Declaration:
1. I hold a copy of this assignment, which can be produced if the original is lost/damaged.
2. This assignment is my original work and no part of it has been copied from any other student’s work or from any
other source except where due acknowledgement is made.
3. No part of this assignment has been written for me by any other person except where such collaboration has been
authorised by the trainer/assessor concerned and is clearly acknowledged in the assignment.
4. I have not submitted this work for any other past or present course/unit.
5. This work may be reproduced and/or communicated for the purpose of detecting plagiarism.
6. I give permission for a copy of my marked work to be retained by Kent Institute Australia (Kent) for review by external
validator.
7. I understand that plagiarism is the presentation of the work, idea or creation of another person as though it is your
own. It is a form of cheating and is a very serious academic offence that may lead to expulsion from Kent. Plagiarised
material can be drawn from, and presented in, written, graphic and visual form, including electronic data, and or oral
presentations. Plagiarism occurs when the origin of the material used is not appropriately cited.
8. Enabling plagiarism is the act of assisting or allowing another person to plagiarise or to copy your work.

Note: This assignment will not be marked unless the student do the declaration during submission time!

TRAINER/ASSESSOR SECTION:
Trainer’s/Assessor’s Initial: Result (Tick One) O C O NYC

VET Assessment Coversheet-Individual/October 2013, V1.2


Subject Name: C5MK01V15-A Marketing Planning -A
Unit Name: BSBMKG507 Interpret Market Trends and Developments
Final Assessment
Duration: 2 Weeks.

Assessment Instructions for Assessor and Student

 This assessment consists of Three Tasks and must achieve a Satisfactory outcome in each task
of this unit.
 To achieve a Competent result, each student is required to achieve a Satisfactory outcome in
each marking criteria of the task.
 Student can refer to book(s), notes and other reference materials.
 Research the internet for resources that may assist you with this task.
 All ideas must be well explained and should be supported with references.
 Write your answer/s at the end of the questions for each task (just before the marking criteria).
 Plagiarism is strictly forbidden. NYC (Not Yet Competent) will be provided for plagiarism for all
involved.
 Students may be asked to explain their assessment work on a regular interval to the trainers to
ensure that the relevant competency standards are being met.
 Student is required to redo the task in class, if outcome is Not Yet Competent due to Not being
Satisfactory against any marking criteria of the given task.
 The Assessor is required to explain to the students the assessment task’s instructions and
required outcome to the students before conducting assessment in class.
 The Assessor is required to fill out and attach the re-assessment coversheet for the student’s
repeated task due to a Not Yet Competent outcome.
 The Assessor is required to record the result (Competent/Not Yet Competent) of the
assessment task into the Official Result Sheet and on to the Marking Criteria sheet attached
with this assessment, in accordance with the marking criteria of the assessment tasks for the
student and enter the final results into RTO Manager System of the Kent Institute Australia.
 The assessor must check the student’s work on each Assessment Day and provide on-going
feedback to the student in class.

2 Kent Institute Australia– BSBMKG507, Interpret Market Trends and Developments Version 3.1 Mar 2018
Subject Name: C5MK01V15-A Marketing Planning -A
Unit Name: BSBMKG507 Interpret Market Trends and Developments
Assessment Outcomes:
1. Your performance will be assessed against the set Marking Criteria (Refer to the marking criteria in
‘criteria for evaluation’ provided after each task).
2. Your assessor will record your performance as “Satisfactory” or “Not Satisfactory” against each
criterion.
3. You will receive face to face feedback on the outcome of the assessments from your assessor.
4. Your result for this assessment will be “Competent (C)” if your performance is satisfactory against
all criteria.
5. Your result for this assessment will be “Not Yet Competent (NYC)” if your performance is not
satisfactory against any one or all criteria.
6. If you are assessed as “Not Yet Competent (NYC)”you might be given another chance to re-submit
the assessment on an agreed-upon policy and procedure of Kent Institute Australia (KIA).

Submission Method:
To be submitted into Moodle during the assessment time period.
Submission Date:
The Final Assessment tasks are to be submitted by the end of week 2.
Late submission will incur the following penalty:
Assessments will not be accepted unless evidence of compassionate or compelling circumstances is
submitted. Late submissions will not be accepted and students may be liable to pay an ‘applicable
subject fee’ which may also lead to the extension of the student’s COE.
Assignment Extension Form:
A Student Assignment Extension Form may be completed by student wishing to apply for an extension
due to exceptional circumstances. This is available to download and print via the SIS >> Docs >>
Student Policies and Forms page, or you may collect this from the VET Administration office at Level 1.
Completed Forms are to be provided to the VET Administration Office, Level 1, (10 Barrack Street,
Sydney NSW 2000 Australia).

Student Complaints and Appeals Form:


A Student Complaints and Appeals Form may be completed for those students wishing to appeal a
result. This is available to download and print via the SIS >> Docs >> Student Policies and Forms page,
or you may collect this from the VET Administration office at Level 1. Completed Forms are to be
provided to the VET Administration Office, Level 1, (10 Barrack Street, Sydney NSW 2000 Australia).

3 Kent Institute Australia– BSBMKG507, Interpret Market Trends and Developments Version 3.1 Mar 2018
Subject Name: C5MK01V15-A Marketing Planning -A
Unit Name: BSBMKG507 Interpret Market Trends and Developments

This Assessment is designed to assess competency in the following unit:

BSBMKG507 Interpret market trends and developments

 Interpret trends and market developments


 Analyse qualitative results
 Report on market data.

Assessment Requirements:
 Report on ‘Tourists trends in Australia’;
 Study about fast food industry in Australia;
 Short answer questions.

4 Kent Institute Australia– BSBMKG507, Interpret Market Trends and Developments Version 3.1 Mar 2018
Subject Name: C5MK01V15-A Marketing Planning -A
Unit Name: BSBMKG507 Interpret Market Trends and Developments

Task One: Reports on Tourists trends in Australia


Conduct research using the internet (www.abs.gov.au, and www.tourism.australia.com.au) about
international visitors to Australia in the last three years and prepare a report about ‘Tourists’ trends in
Australia’.
Your report should cover the following information:
a) Tourists trends in Australia (statistical analysis for the last three years)
b) Best prediction about future trends
c) Travelers from different countries (use tables, graphs)
d) Identify tourism related products and services
e) Identify the current performance of the tourism industry
f) Estimate the demand for tourism related products and services for the next three years
g) Identify opportunities and threats for the tourism industry
h) Based on analysis, provide suggestions to develop the tourism industry in Australia.

REPORT

This report wants to show the trends of tourists in Australia during the years 2015,2016, 2017 and part of
2018 (3 months), the report will cover trends, predictions, nationalities of tourists, products and services
related to tourism, opportunities and threats and suggestions from the analysis.

TRENDS OF TOURISTS IN AUSTRALIA

According to the page http://www.tourism.australia.com/en/markets-and-research/tourism-


statistics/international-visitor-arrivals.html

The last report indicates the highlights of the arrival of the visitor for January of this year

5 Kent Institute Australia– BSBMKG507, Interpret Market Trends and Developments Version 3.1 Mar 2018
Subject Name: C5MK01V15-A Marketing Planning -A
Unit Name: BSBMKG507 Interpret Market Trends and Developments
There were 702,500 visitor arrivals during January, a decrease of 3% compared to the same period
of the previous year.

There were 8.8 million visitor arrivals for the year ended in January 2018, an increase of 4.9% over
the previous year.

Leisure arrivals (Holiday + VFR) continued to drive the growth of international arrivals, with an
increase of 5% per cent during the 12-month period.

The following statistical information on international tourism was found on the website
https://www.tra.gov.au/Research/International-visitors-to-Australia/international-tourism-statistics
The analysis presents 6 reasons for tourism in Australia for holidays, visits to friends and family, business,
education, employment and other reasons,

  The vacation for the three years of the analysis represents almost 50% of the total of tourism reasons in
Australia also reflects a positive trend.

  The second reason with more percentage refers to visits to friends and relatives represents 25% of the
total of the reasons even though it has had a slight fall during the three years of analysis from 28% to 25%

  The reasons for business, education and other reasons represent the rest in general can be defined that
has had a stable trend without major changes

6 Kent Institute Australia– BSBMKG507, Interpret Market Trends and Developments Version 3.1 Mar 2018
Subject Name: C5MK01V15-A Marketing Planning -A
Unit Name: BSBMKG507 Interpret Market Trends and Developments

REASON FOR THE VISITOR


4,500,000
4,000,000
3,500,000
3,000,000
2,500,000
2,000,000
1,500,000
1,000,000
500,000
-
Holiday Visiting friends Business Education Employment Other reason
and relatives

YEAR ENDING JUNE 2015 YEAR ENDING JUNE 2016 YEAR ENDING JUNE 2017

7 Kent Institute Australia– BSBMKG507, Interpret Market Trends and Developments Version 3.1 Mar 2018
Subject Name: C5MK01V15-A Marketing Planning -A
Unit Name: BSBMKG507 Interpret Market Trends and Developments

Total
8,000,000 7,878,024

7,500,000
7,246,472

7,000,000

6,567,214
6,500,000

6,000,000

5,500,000
YEAR ENDING JUNE 2015 YEAR ENDING JUNE 2016 YEAR ENDING JUNE 2017

Analyzing the total it is clear to affirm the growth trend of Australian tourism going from 6,567, 214 tourists in
2015 to 7,878,024 in 2017 which represents an increase of 120%

TRAVELERS FROM DIFFERENT COUNTRIES

8 Kent Institute Australia– BSBMKG507, Interpret Market Trends and Developments Version 3.1 Mar 2018
Subject Name: C5MK01V15-A Marketing Planning -A
Unit Name: BSBMKG507 Interpret Market Trends and Developments

9 Kent Institute Australia– BSBMKG507, Interpret Market Trends and Developments Version 3.1 Mar 2018
Subject Name: C5MK01V15-A Marketing Planning -A
Unit Name: BSBMKG507 Interpret Market Trends and Developments

Travelers from different countries


1,200,000
800,000
400,000
-
nd a a s e n sia sia pe ia a g y ia a n e ia d ly d s
la in om ric rie or pa o Ind ore Kon an nes nad iwa anc nav ilan Ita rlan land
a Ch ngd me unt gap Ja alay er A Eur K g rm o a a F r di a e r
Ze Ki f A Co Sin M Oth er n Ge Ind C T n Th itz he
w d r h Ho ca w Net
Ne ti e es o the O t S S
Un tat O
S
d
te
U ni

YEAR ENDING JUNE 2015 YEAR ENDING JUNE 2016 YEAR ENDING JUNE 2017

10 Kent Institute Australia– BSBMKG507, Interpret Market Trends and Developments Version 3.1 Mar 2018
Subject Name: C5MK01V15-A Marketing Planning -A
Unit Name: BSBMKG507 Interpret Market Trends and Developments

Criteria for evaluation: Task One – Reports on Tourists trends in Australia


The Final grade for this assessment task must require being Competent by achieving Satisfactory in
each task.
Did the student demonstrate ability to: Satisfactory Not Satisfactory
Place a tick(√)
Use statistical analysis of market data to interpret market
trends and developments

Analyse market trends and developments for their potential


impact on the business

Perform qualitative analysis of comparative market


information as a basis for reviewing business performance

Analyse the market performance of existing and potential


competitors and their products or services, to identify potential
opportunities or threats

Prepare, plot and interpret data for visual presentation

Report on analysis of market data to meet organisational


requirements in terms of content, format, level of detail and
scheduling

Final Grade Satisfactory / Not Satisfactory


Feedback to student:

Task Two: Study about fast food industry


Conduct research using the internet on the fast food industry in Australia, and answer the following
questions:
a) Outline the trends in the Australian fast food industry over the last 3 years.

11 Kent Institute Australia– BSBMKG507, Interpret Market Trends and Developments Version 3.1 Mar 2018
Subject Name: C5MK01V15-A Marketing Planning -A
Unit Name: BSBMKG507 Interpret Market Trends and Developments
b) Analyse the factors influencing demand in the fast food industry over the last 3 years.
c) What statistical tools will you use for the above analysis?
d) Are there any changes in demand (increase or decrease) over the last 3 years? Identify all the
potential reasons contributing to this change.
e) Identify competitive products for the fast food industry.
f) Identify all potential threats and opportunities for the fast food industry in Australia

Criteria for evaluation: Task Two – Study about fast food industry
The Final grade for this assessment task must require being Competent by achieving Satisfactory in
each task.
Did the student demonstrate ability to: Satisfactory Not Satisfactory
Place a tick(√)

12 Kent Institute Australia– BSBMKG507, Interpret Market Trends and Developments Version 3.1 Mar 2018
Subject Name: C5MK01V15-A Marketing Planning -A
Unit Name: BSBMKG507 Interpret Market Trends and Developments
Use statistical analysis of market data to interpret market
trends and developments

Analyse market trends and developments for their potential


impact on the business

Use measures of central tendency or dispersion and


correlations between sets of data for quantitative
interpretation of comparative market data

Perform qualitative analysis of comparative market


information as a basis for reviewing business performance
Analyse the market performance of existing and potential
competitors and their products or services to identify potential
opportunities or threats

Analyse performance data from all areas of the business to


determine success of marketing activities
Identify over-performing and under-performing products and
services to be considered for redevelopment or withdrawal
Forecast existing and emerging market needs based on
information available using forecasting techniques.
Final Grade Satisfactory / Not Satisfactory
Feedback to student:

Task Three: Short answer questions


Provide brief answers to the following questions:

a) What is meant by central tendency of data?


b) Define the following terms in your own words and provide the formula for each:
i. Mean
ii. Median
iii. Range
iv. Standard deviation
v. Variance

13 Kent Institute Australia– BSBMKG507, Interpret Market Trends and Developments Version 3.1 Mar 2018
Subject Name: C5MK01V15-A Marketing Planning -A
Unit Name: BSBMKG507 Interpret Market Trends and Developments
c) Why is it necessary to measure dispersion? What are the measures commonly used?
d) Discuss the different methods available in obtaining information for a survey.
e) What is meant by sales forecasting?
f) List three forecasting techniques.
g) A business can experience threats through different ways. List four potential threats that may affect
a current business.
h) Assume you are the marketing manager of an organisation. List four methods to obtain information
about the comparative market.
i) List three variables to segment a market.
j) List any three methods to compare current and potential competitors.

Criteria for evaluation: Task Three – Short answer questions


The Final grade for this assessment task must require being Competent by achieving Satisfactory in
each task.
Did the student demonstrate ability to: Satisfactory Not Satisfactory
Place a tick(√)

14 Kent Institute Australia– BSBMKG507, Interpret Market Trends and Developments Version 3.1 Mar 2018
Subject Name: C5MK01V15-A Marketing Planning -A
Unit Name: BSBMKG507 Interpret Market Trends and Developments
Use statistical analysis of market data to interpret market
trends and developments

Analyse market trends and developments for their potential


impact on the business

Use measures of central tendency or dispersion and


correlations between sets of data for quantitative
interpretation of comparative market data

Analyse the market performance of existing and potential


competitors and their products or services to identify potential
opportunities or threats

Forecast existing and emerging market needs based on


information available using forecasting techniques.
Final Grade Satisfactory / Not Satisfactory
Feedback to student:

Summary of Assessments:
Subject Name & Code C5MK01V15-A Marketing Planning-A
Unit Name & Code: BSBMKG507 Interpret Market Trends and Developments
Assessment Tasks The student’s performance is:

 Task 1 Reports on Tourists trends in  Satisfactory  Not Satisfactory

15 Kent Institute Australia– BSBMKG507, Interpret Market Trends and Developments Version 3.1 Mar 2018
Subject Name: C5MK01V15-A Marketing Planning -A
Unit Name: BSBMKG507 Interpret Market Trends and Developments
Australia

Feedback/ comments on Task 1:

 Task 2 Study about fast food industry  Satisfactory  Not Satisfactory

Feedback/ comments on Task 2:

 Task 3 Short answer questions  Satisfactory  Not Satisfactory

Feedback/ comments on Task 3:

UNIT RESULT:
 COMPETENT  NOT YET COMPETENT
The student’s overall performance is:

□ YES □ NO
Is re-assessment necessary?

The End

16 Kent Institute Australia– BSBMKG507, Interpret Market Trends and Developments Version 3.1 Mar 2018

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