Interpret market trends and developments bsbmkg507a

Students will design a Focus Group survey questionnaire and test each of the 5 concepts on their Focus Group, record the results and summarize their findings in a report, then produce a 10 PowerPoint presentation to present their findings in class.

Evidence Required List the assessment methods to be used and the context and resources required for assessment. Assessment candidates may interpret market trends and developments: Assessment will incorporate a variety of methods including assignments, journals, presentation and written or test.

Joan Smith - U. Identify over-performing and under-performing products and services to be considered for redevelopment or withdrawal 2. The report professionally presented and the presentation are due week Overview of assessment Critical aspects for assessment and evidence required to demonstrate competency in this unit Evidence of the following is essential: Statistical analysis may include: ReliablePapers kept me informed about my order at every stage.

Copy and paste the relevant sections from the evidence guide below and then re-write these in plain English. You may want to include more information here about the target group and the purpose of the assessments eg formative, summative, recognition Employability Skills This unit contains employability skills.

Method of assessment A range of assessment methods should be used to assess practical skills and knowledge. The assessment must be submitted by the session mentioned above in the due date. No licensing, legislative, regulatory or certification requirements apply to this unit at the time of endorsement.

Guidance information for assessment Holistic assessment with other units relevant to the industry sector, workplace and job role is recommended, for example: Analyse market trends and developments for their potential impact on the business 1.

More detailed assessment sheets for each assessment task will be disseminated throughout course delivery. Conduct further analysis of the data including the use of measures of central tendency or dispersion to interpret the data. Conduct quantitative analysis of comparative data using measures of central tendency and dispersion and correlations between data sets.

Assess visual presentation for potential problems, and take any necessary corrective action 3. Assess visual presentation for potential problems, and take any necessary corrective action 3.

Task 1 Interpret the market trend or developments by analysing the data. Bold italicised wording, if used in the performance criteria, is detailed below. Provide the outcomes of this analysis.

Research terms from Marketing Research by John Boyce, published by McGraw Hill References Other Resources Overview of Assessment Students must demonstrate an understanding of all elements of a particular competency to be deemed competent.

Before you hand in these assessment tasks, use the checklist below to make sure you have completed all the tasks and have included all relevant information. Your aim is to provide data to assist with forecasting of marketing needs.

The range statement relates to the unit of competency as a whole. The research exercise will cover: Use statistical analysis of market data to interpret market trends and developments 1. Essential operating conditions that may be present with training and assessment depending on the work situation, needs of the candidate, accessibility of the item, and local industry and regional contexts may also be included.

Make sure you include both conclusions and recommendations for action.

BSBMKG507A - Interpret Market Trends And Developments

Analyse the market performance of existing and potential competitors and their products or services, to identify potential opportunities or threats Element: You will hear me again soon.

Guidance information for assessment Holistic assessment with other units relevant to the industry sector, workplace and job role is recommended, for example: Forecast existing and emerging market needs based on information available using forecasting techniques Element: Use appropriate software to prepare the information you have gathered as a result of your data analysis for visual presentation.BSBMKGA Interpret market.

trends and developments Session 1 © Innovation and Business Industry Skills Council Ltd. Purpose of this presentation5/5(1).

Analyse qualitative 2. 3 1. 1 motorcarsintinc.comA Interpret Market Trends And Developments ASSESSMENT MAPPING RECORD SHEET Did the learner ELEMENT 1. 25 George motorcarsintinc.com ABN 17 4 1. 1 Use statistical analysis of market data to interpret market trends and developments Analyse market trends and developments for their 5/5(1).

Element 1: Interpret Trends and Market Developments. Average Order Value A good example of a measure of central tendency is a figure such as Average Order Value. Interpret Market Trends and Developments; your knowledge and skills in interpreting market trends and developments (see BSBMKGA – Assessment Guide for a complete list of elements of Obtain the market research data.

2. Interpret the data so that you can analyse market trends and. BSBMKGA Interpret Market Trends And D evelopments Date this document was generated: 27 May Approved Page 2 of 11 Use statistical analysis of market data to interpret market trends and developments Analyse market trends and developments for their potential impact on the business.

BSBMKGA. Export summary to Word Export summary to PDF Notify me of changes. Unit of competency details Interpret trends and market developments. Use statistical analysis of market data to interpret market trends and developments.

Course Title: Interpret market trends and developments

Analyse market trends and developments for their potential impact on the business.

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Interpret market trends and developments bsbmkg507a
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