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STUDENT DETAILS:
Student Name Student Number
ASSESSMENT DETAILS:
Course Name BSB50215 Diploma of Business
Subject name C5MK01V15 Marketing Planning
Unit Name and code BSBMKG502 Establish and adjust the marketing mix
Trainer
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
Final Assessment
Duration: 2 Weeks.
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.
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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 ond 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).
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McCain Foods was founded in 1957 in Canada by the McCain brothers Harrison, Wallace, Robert and
Andrew. McCain Foods is now the largest chip producer in the world with a market share of almost 33% and
more than 20,000 employees working in 57 locations worldwide. Since 1968 McCain GB has been
operating from its UK base in Scarborough, North Yorkshire.
McCain prides itself on the quality and convenience of its product range and for over three decades has
been making healthier versions of favourite staple foods. The McCain brothers had a simple philosophy
'Good ethics is good business'. This lies behind the McCain brand message 'It's All Good'.
It is not just the food that is good. The philosophy also refers to the way McCain works with its suppliers and
builds its relationship with its customers. McCain believes it is important to take care of the environment, the
community and its people. It works with around 300 farmers in the UK , chosen for the quality of their potato
crop. McCain factories are located in key potato growing areas, which helps to reduce food miles.
Corporate responsibility
A further example of the way McCain is reducing its impact on the environment is the installation of three
125m high wind turbines to generate electricity for its Whittlesey factory near Peterborough. McCain is the
first major UK food manufacturer to use alternative energy to help power a large factory.
McCain also gives back to the community by committing resources to both local and national projects.
McCain supports a wide range of local charities and good causes. Nationally, McCain has a five-year
agreement with UK Athletics to promote track and field sport in the UK.
McCain strives to be a company making good, simple food in an increasingly sustainable way, while
meeting business objectives. To achieve this, the business ensures that it balances the four elements (the
four Ps) of the marketing mix.
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Product - this has to look and taste good and be made from wholesome ingredients
Price - the price has to be attractive to ensure enough sales to generate a profit
Place - the place and position of the product in the market is important to compete for market share
Promotion - this has to fit the company’s objectives for the product.
McCain Foods is the world's leading manufacturer of frozen potato products. Although McCain is perhaps
best known for producing Oven Chips, its product lines are much wider. In the UK they include various other
potato products such as McCain Wedges and McCain Home Roasts, as well as McCain Sweet Potato and
McCain Micro Pizza. In other countries McCain sells a variety of foods including frozen vegetables, ready
meals and desserts.
Some products, for example, McCain Oven Chips, captured the public imagination immediately and
continue to sell well without needing to be changed. Other products change through time or are adapted to
create new variations, e.g. curly fries or thin and crispy fries.
External influences
Changes in the range are driven by a number of different factors. For example, microwaveable snacks take
account of changing lifestyles, where people are looking for food that does not take long to prepare. McCain
has also been responsive to market needs for healthier options and its products support the government’s
Change4life campaign. This encourages people to 'Eat Well, Move More, Live Longer'.
The company's philosophy supports the 'calories in/calories out' principle. This states that to maintain a
healthy weight, calories consumed should not exceed calories used. This also forms part of the 'It's All
Good' message - not only does McCain food taste good, but it fits in with current thinking on healthy diets.
McCain now only uses sunflower oil in the preparation of its chips. It knows that customers want to eat
healthily without compromising on taste and it is careful to use wholesome ingredients in its products.
Having a wide range including healthier options, such as Oven Chips, as well as products developed for
taste, e.g. Wedges, means the company can meet different consumer needs for different meal occasions.
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Managing quality
To protect quality throughout the whole supply chain, McCain manages its own potato seed development.
After specially selecting the seeds, McCain works closely with around 300 farmers to ensure the potatoes
are grown to a high standard and harvested at their peak. Only the best potatoes are chosen to make
McCain chips and potato products.
McCain Foods' product offering extends outside the home to include food service. This provides products
specially designed for use in restaurants and canteens.
Price
1. Business objectives. The business may set its pricing to achieve a number of different objectives.
These may be to:
maximise profits
achieve a target return on investment
achieve a target sales figure
achieve a target market share
match the competition.
2. Costs. In order to make a profit a business must make sure that its products are priced above their cost.
The total cost of a product includes overheads such as research and development, investment in
equipment, people and technology, as well as direct costs, such as raw materials and ingredients.
3. Competitors. If there is no competition the business can set whatever price it chooses. On the other
hand, if there is perfect competition then the business must accept the market price for its products. In most
cases the reality is somewhere in the middle.
4. Customers. The business needs to consider what its customers' expectations will be. For example,
customers may be prepared to pay more for a product that is unique or produced in an ethical and
sustainable manner. This would place it as a premium brand above its competitors.
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McCain uses a range of pricing strategies associated with adding value for money. For example, 'extra-fill'
packs can give the customer up to 30% extra free. This rewards regular buyers of a particular product.
McCain may also offer its products at a special promotional price using price-marked packs to encourage
people to try the product.
Place
Place describes the channels McCain uses to position its products in the marketplace.
As a business-to-business (B2B) organisation, McCain does not sell directly to its consumers. Instead it
places its products with wholesalers and retailers, such as major supermarket chains. McCain may then be
able to influence how its products reach the consumer at the point-of-sale. For example, it may secure key
positions for its products in stores. By paying for end-of-shelf positions for its products, customers are more
likely to see and buy them.
McCain does not use its own vehicles to distribute products to its customers. Transportation is outsourced,
which means another organisation carries out the deliveries. Products are delivered directly to retailers'
central depots for onward distribution to their stores. Alternatively, they may go to wholesalers, who sell
them on to other businesses such as restaurants.
McCain takes the need for sustainability and reducing its impact on the environment into consideration in
transporting its products. For example:
Promotion
A further demonstration of the 'It's All Good' ethos is McCain Foods' ethical stance on promotion. McCain
makes a commitment not to advertise to children under 12 years old.
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It also ensures that the retail labeling on its products carries clear information on levels of fat, saturated fat,
salt and sugar to help shoppers choose healthier options. Its labeling is in line with the Food Standards
Agency (FSA) traffic light scheme and the food industry's Guideline Daily Amounts (GDA).
Above-the-line promotion
Below-the-line promotion.
Above-the-line
Above-the-line promotion is paid-for and includes traditional advertising routes such as television, radio and
the press. These are good for carrying marketing messages to a large audience. However, it is less easy to
measure the impact of these channels, for example, whether a TV advert has increased sales.
Special displays or positioning in stores or advertising on supermarket trolleys are also examples of above-
the-line promotional activity at McCain Foods.
Below-the-line
Below-the-line promotion can take many forms and is usually more under the control of the business.
Typical examples include events or direct mail. McCain uses a combination of below-the-line activities
including:
Door-to-door leaflet drops or books of vouchers which give customers discounts over a period of
time. These help to attract consumers and establish brand loyalty so the consumer buys the product
again.
Email newsletter for consumers. This creates a relationship with consumers, which is unusual for a
B2B organisation. It not only allows McCain to communicate directly with and listen to consumers, it
also enables the business to collect information, for example, about their lifestyles and product
choices. This is used for feedback, research and promotions.
PR and sponsorship
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TV show Family Fortunes. This brings the McCain brand to a wide audience through a popular
family programme.
McCain Athletics Networks which encourage young people to get involved in the sport through local
clubs. This further supports the company”s approach to balancing calories in with calories out.
McCain also aims to promote better understanding of where food comes from through initiatives such as
The Potato Story. This is an educational resource that helps teach children about how potatoes grow and
their place in a balanced healthy diet.
Conclusion
'It's All Good' is a message that is embedded in all aspects of McCain Foods' marketing mix.
Not only are the products designed to look and taste good, they are produced from good quality crops in a
way that addresses people's concerns about issues such as health and the origins of their food. This helps
to ensure that McCain remains a trusted brand.
McCain also takes great care to minimise its impact on the environment. Its products are placed in the
market in a way that reduces both food miles and carbon emissions.
Promotion of the products focuses on the positive relationship between McCain food and a healthy diet and
reinforces the importance of food and exercise in a healthy lifestyle.
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Read ‘McCain Foods’ case study, and answer the following questions:
a) Identify the characteristics of products and services provided by McCain Foods.
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The choice of an appropriate price strategy is a fundamental step in the "pricing process" because it
establishes the guidelines and limits for:
1) Setting the initial price
2) The prices that will be fixed throughout the life cycle of the product, all of which points to the
achievement of the objectives that are pursued with the price.
Among the strategies McCain implements, he uses a variety of pricing strategies associated with
adding value for money. The price of value means that you get a great value for money, that is, the
price you pay makes you feel that you are getting a lot of products. That is why "extra-filled"
packages can give the customer up to an additional 30% discount.
It also uses a promotional price strategy using special price packages to encourage people to try the
product, this strategy is very common when wanting to introduce new products.
He could say that the strategies are good and are focused and shaped for the target market, I think
the company could implement prestigious price strategies to the best and healthiest products it has
(high status) due to the position of its brand
When you transmit an advertisement by traditional means you can create an environment with the
notice, that possesses the ability to express the message effectively and attract the viewer.
Depending on the time of day the ad is broadcast, you can reach a certain audience goal. Among
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It is clear that, as the company mentions, it is less easy to measure the impact of these channels.
This kind of promotion is usually under the control of the company such as coupons, events,
electronic bulletins, this kind of advertising requires more staff and dedication but is effective to
measure the level of impact on consumers, in addition to information that serves to Market research,
I believe that the company plans to continue to have a market in the new generations and have a
higher percentage in promotions below the line without forgetting the loyalty of current customers.
d) Evaluate channels of distribution and estimate their significance in relation to marketing outcomes.
distribution channels
Due to the nature of B2B business McCain does not sell directly to its consumers. On the other
hand, it places its products in wholesalers and retailers, like the main supermarket chains.
Therefore, the position of the products within the supermarkets is key to attract the attention of the
customers.
The relationship of the distribution channels is very important for the success in marketing since
everything must work in a way that does not find delays in the process and affects the perception of
the final consumer
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Dropshipping is a type of retail sale where the retailer does not keep the goods in his inventory, but
takes and passes the order (and shipping details) to the wholesaler, who then dispatches the goods
directly to the final customer.
for the company the role of retailer is omitted and an area for this type of online sale is included,
In this type of sale you can show the wide range of products of the company and increase the
possibility of global purchase of the consumer.
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Most consumers are smart people concerned about the environmental impact, therefore the philosophy of
the company is fully compatible with the ethics of the consumer now, which is summarized in the success of
the business
In general, I can mention that the market segment is very clear and all the variables that are relevant due
to the company's success, have a clear philosophy within the themes of quality and healthy food, the
company is at the forefront of the new generations concerned about renewable processes, healthy and fast
food, I believe that the company should put efforts in capturing the attention of young people through the
use of mobile platforms, social media advertising
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Kandos Chocolates Limited is a leading producer of cocoa products such as chocolates, cocoa milk powder.
The company was established in 1995. Currently it holds a 30% market share with its sales growing rapidly.
The brand is very popular due to quality.
Product
This element relates to how the company offers meet the changing needs and wants of customers. and it
markets its product under the brand name of ‘Coco Leaf’ brand. The growth in sales, creates opportunities
for Kandos to increase the number of products for this segment.
Price
The amount a company charges for its product is important in determining sales. The company uses a cost
plus profit margin pricing method.
Place
Where customers can purchase the product is also an important factor in determining sales. The company
distributes its products through the supermarket, where most purchases are made by customers..
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Communicating the availability of a product is essential for sales to be made. Kandos uses advertisement,
and sales promotional activities for promotion. TV advertising and below-the-line promotion (e.g. on-pack
promotions and sampling).
Now the company is planning to introduce a new product (chocolate breakfast drink) to the Australian
market. Preliminary research reveals that there is strong competition and the market is growing rapidly. The
company’s marketing objectives are to penetrate into the market and increase its sales volume and profit in
the long run. Assume you are a marketing consultant and the management has requested you to prepare a
report to determine the appropriate marketing mix for the new product.
i) List all variables that can be used to segment the market. Give reasons for your chosen
variables.
REPORT
Introduction
The following report aims to define the appropriate marketing combination for the new product (chocolate
breakfast drink) of the company Kandos chocolates that is intended to be introduced in the Australian market.
The marketing objectives of the company are to penetrate the market and increase its volume of sales and long-
term benefits.
As a marketing consultant, this product will be analyzed in the market segment, analysis of environmental
factors, definition of the marketing mix and definition of evaluation methods
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Marketing Mix
PRODUCT
This product is a delicious flavored milk drink that includes milk and chocolate-flavored sugar. It is enriched
with vitamins A, niacin B1 and B2 and has no preservatives.
It is a long life product (UHT), so it does not require refrigeration, making it a practical and delicious product
to take anywhere, it is a very nutritious flavored milk since it provides 12% of daily protein needs per serving
of 200 ml, and has an important contribution of calcium, vitamin A, phosphorus, vitamins B1, B2 and Niacin.
Nutritional benefits (Per portion of 200ml)
Ingredients:
Filtered Water, Skim Milk Powder, Cane Sugar, Wheat Maltodextrin, Soy Protein, Vegetable Oils (Sunflower,
Canola), Inulin, Hi-Maize Starch, Corn Syrup Solids, Fructose, Cocoa (0.5%), Oat Flour, Mineral (Calcium), Food
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PRICE
The product is aimed at a high segment due to variables such as the quality of the product and packaging,
an analysis of the prices of the competitors such as UP & GO, MOO, OAK, FRESH MILK.
A cost per unit of AUD 3.80 per 200 ml is defined, this amount includes the profit margin.
PLACE
The sale of the product will be in wholesale and retail stores in the main cities of Australia, alliances will be
made to position the product strategically to the client.
PROMOTION
Promotions will be used above the line, in television mediums in the afternoon, where the children's strip
and traditional media and promotions below the line are very likely, such as:
Samples: in this case, small presentations are presented, explaining the benefits of the product. Tastings
are also made in supermarkets
2 X 1: in this case with the purchase of a product you can access another one for free. It is also common
that with the purchase of a product the second will have a discount, for example, ten, twenty, fifty percent.
Exchanges: your package or some part of it can be used to exchange for an equal product or a gift.
Environmental factors
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Source: http://www.itmplatform.com/es/blog/factores-ambientales-de-la-empresa-que-
afectan-a-la-gestion-de-proyectos/
The best way to measure the performance of the marketing mix is with the definition of KPI. The
indicators of a good marketing plan go through the measurement of aspects related to business
management (effectiveness, efficiency and effectiveness standards). efficiency), and marketing
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MANAGEMENT INDICATORS
Effectiveness. This indicator measures the performance of sales and the trends of the results
obtained with the activity developed.
Efficiency: The KPI of efficiency evaluates the relative costs to obtain potential clients as well as
the costs in human resources, intermediaries, marketing actions, etc.
MARKETING INDICATORS
The customer acquisition cost or CAC is a ratio used to determine the average cost that your
company invests to make a potential consumer become a new customer and acquire our products
or services.
Marketing ROI
The return on investment, or ROI, allows you to measure the amount of revenue generated by a
specific marketing campaign, compared to the costs of running the campaign. ROI can be
considered the most important indicator to monitor and evaluate.
Client value
allows you to evaluate the contact with potential customers to keep customers happy
(Average sale per customer) x (Average number of times a customer buys per year) x (Average
retention time in months or years for a typical customer)
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The multiple factors that must be considered to evaluate the performance are:
Sales levels
Levels of complaints
Quality levels
Financial reports
Industrial sector reports
After-sales service
Call center support
Electronic customer service
Personal service one-to-one
Sales assistance for problems or just consultations
These activities not only complement the sale but it is essential in the collection of data for the
indicators
Because all the factors of the company that influence the marketing plan are changing in the same
way should be the marketing plan, therefore should always schedule periodic reviews to evaluate
the result of the indicators, if it is poor must be redefined:
marketing plan
market segment
marketing objectives
marketing mix
Find the cause of the deficiencies, example can be promotional, you must redefine other promotional
methods that focus on the market segmentation, that is, the cause must be found by analyzing the
information of the indicators to determine which the right method to meet the objectives is.
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Criteria for evaluation: Task 2– Determine Marketing Mix for Specific Market
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(√)
Identify and assess environmental factors, and their impact on
marketing mix
Identify consumer priorities, needs and preferences affecting
marketing mix
Consider product, pricing, promotional, distribution and service
variations, and evaluate these against marketing objectives,
target market characteristics and desired positioning
Select marketing mix that best satisfies target market and
meets marketing objectives
Ensure marketing mix decision meets organisational, strategic
and operational marketing objectives
Monitor marketing mix against marketing performance and
isolate components for testing
Evaluate implications of altering one or more components of
marketing mix in relation to market factors and consumer
response
Adjust components of marketing mix in response to test results
and market-response evaluation
Ensure adjusted marketing mix meets budgetary requirements
Ensure adjusted marketing mix continues to meet
organisational, strategic and operational marketing objectives,
and desired positioning.
Final Grade Satisfactory / Not Satisfactory
Feedback to student:
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Select any two competitive industrial products, and prepare a report about variables used to develop
marketing mix for these products.
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Introduction
The following report shows the development of a marketing mix for the products weet
bix (cereal) and sportswear of the brand cotton on, the reason for the selection of these
products is due not only to my perspective as an immigrant but to the statistics about
the high life expectancy of the Australians and one of the main reasons is due to the
good eating habits and the healthy style of the people, therefore I shrug these products
that are within the consumption and daily use of the Australians.
MARKETING MIX
WEET BIX SPORT CLOTHES COTOON ON
PRODUCT
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Available in 1.4kg,
Price
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PROMOTION
Current target customer group: Mothers with children aged 0-12 years
- Current target consumer group: Children aged 4-8 with interests in sport
Adolescents within this age group are capable of applying logical thought when it comes to processing
information
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https://prezi.com/rwzhzdq1pg5v/sanitarium-weet-bix/
dennisadu20@hotmail.com
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Summary of Assessments:
C5MK01V15-A Marketing Planning
Subject Name & Code
Unit Name & Code: BSBMKG502 Establish and adjust the marketing mix
UNIT RESULT:
COMPETENT NOT YET COMPETENT
The student’s overall performance is:
□ YES □ NO
Is re-assessment necessary?
The End
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