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BSBMKG501 Identify and Evaluate Marketing Opportunities Assignment Answers

Marketing
BSBMKG501 Identify and Evaluate Marketing Opportunities Assignment Answers

BSBMKG501 is a unit that deals with the knowledge and skills that are necessary in the process of identifying, evaluating, and taking marketing opportunities advantage by differentiating characteristics of possible markets, examining and evaluating market data, and assessing changes to operations. This unit is covered in different level of study such as – Diploma of Marketing and Communication, Diploma of Business, Diploma of Banking Service Management, Diploma of Financial Services, etc. Additionally, there are few training packages like Furnishing Training Package, Business Service Training Package, etc. During all these courses, you are required to write BSBMKG501 assessment answer for the assigned task. 

In the few recent years, it has been seen that many students have failed to make BSBMKG501 assignment answer. To assist them, we at Online Assignment Expert are providing assignment help in writing BSBMKG501 assessment answer. Our experts have enough experience and subject knowledge which makes the assignment easy for them. Therefore, if you are a student and looking for the best marketing assignment help, reach us!

Brief Introduction to BSBMKG501 Assessment

In the BSBMKG501 assessment, there are two parts to deal with such as – 

PART 1: Identifying Market Opportunities 

PART 2: Evaluate Marketing Opportunities

In task 1, you are asked to analyse the imitate business to determine at least two marketing opportunities, assess opportunities to business, research the possible new markets, and discuss innovative approaches. After this, you may compile a short presentation supporting the identified marketing opportunities.

bsbmkg501

In assessment task 2, you will be asked to evaluate three marketing opportunities that you have identified, categorise them on viability. Then, draft a report for Board of Directors. You may document the required changes and marketing opportunities.

bsbmkg501 assessment answer

bsbmkg501 assessment sample

Finding these tasks to write? If yes, then we are here to guide you. We are providing help at every stage whether it is related to research, writing, proofreading, editing, plagiarism-check, etc. Moreover, some of the effective steps to write BSBMKG501 Identify and Evaluate Marketing Opportunities assignment answer are discussed below. 

Steps to write BSBMKG501: Identify and Evaluate Marketing Opportunities Assignment Answer

Step 1: Determine marketing opportunities

1.1 Examine and evaluate market information and needs for business to determine the marketing opportunities

1.2 Identify the key potential markets and opportunities to shape, enter, or affect each market

1.3 Explore innovative methods, entrepreneurial approaches, and creative ideas for business application

1.4 Make these ideas, methods, and approaches to marketing opportunities

Step 2: Analyse marketing opportunities

2.1 You are now required to consider, examine, and study the identified opportunities with reference to their organisational capabilities and goals

2.2 Assess and measure all the opportunities to know its effect on customer base and existing business 

2.3 Make use of external factors, benefits, costs, opportunities, and risks to identify the financial viability of all the marketing opportunities

2.4 Ascertain likely potential competitors and return on investment

2.5 Explain the marketing opportunities depending on their contribution and viability

Step 3: Evaluate required changes to current operations

3.1 Determine and record each change that is required to current operations in order to make advantage of feasible marketing opportunities

3.2 Make sure that the organisational service changes is increased or alternate customer base including the stipulation for providing quality-based service to customers

3.3 Compute resource requirements for operations that have been changed 

3.4 Identify and communicate each practicality of making changes 

3.5 Make a list of determined marketing changes and opportunities 

In addition to the above-discussed steps, there are few skills you may need in writing bsbmkg501 identify and evaluate marketing opportunities assignment answers. The skills are as followed – 

  • Examining and comprehending textual information by using various sources and make your conclusion
  • You may be proficient in Integrating information that are collected from different sources for developing materials by using appropriate and correct grammatical structure and logical and clear language
  • Prepare plans to manage complex tasks 
  • Draw decisions based on analysed information, identified, and evaluation options 
  • Examine and measure decision outcomes appropriately to identify chances for improvement
  • Create innovative and new ideas through analysis, exploration, and critical thinking
  • clearly present your ideas, opinions, and organisational requirements and use presentation techniques and language creatively 
  • Examining and evaluating marketing and financial data using percentages, decimals, and whole numbers to make correct calculations

In other words, you may have reading, writing, oral communication, numeracy, and interacting skills to write a complete and effective bsbmkg501 assessment answer. For more details, contact us! Availing help from us ensure you for guaranteed plagiarism-free and unique assignment, no matter what the assignment is. 

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Author: Mike

I am a subject matter expert in assignment writing and have been associated with http://www.onlineassignmentexpert.com for a few months now. I believe that students should get professional help with their assignments and I am here to help. Contact me on contact@onlineassignmentexpert.com

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