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Assignment front sheet

Qualification Unit number and title

Pearson BTEC Level 5 HND Diploma in Business

Unit 4: Marketing Principles

Student name Assessor name

Date issued Completion date Submitted on

06/02/2015 22/05/2015

Assignment title Understanding and application of Marketing Principles

Learning Outcome

Learning outcome Assessment

Criteria In this assessment you will have the opportunity to present

evidence that shows you are able to: Task no.

Evidence (Page no)

LO1

Understand the concept and process of marketing

1.1 Explain the various elements of the marketing process 1

1.2

Evaluate the benefits and costs of a marketing orientation for a selected organisation 1

LO2

Be able to use the concepts of segmentation, targeting and positioning

2.1

Show macro and micro environmental factors which influence marketing decisions 2

2.2

Propose segmentation criteria to be used for products in different markets 2

2.3

Choose a targeting strategy for a selected product/service

2

2.4 Demonstrate how buyer behavior affects marketing activities in different buying situations

2

2

2.5

Propose new positioning for a selected product/service

2

LO3

Understand the individual elements of the extended marketing mix

3.1 Explain how products are developed to sustain competitive advantage 3

3.2 Explain how distribution is arranged to provide customer convenience

3

3.3 Explain how prices are set to reflect an organisations objectives and market conditions 3

3.4 Illustrate how promotional activity is integrated to achieve marketing objectives 3

3.5 Analyse the additional elements of the extended marketing mix 3

LO4

Be able to use the marketing mix in different contexts

4.1 Plan marketing mixes for two different segments in consumer markets 4

4.2 Illustrate differences in marketing products and services to businesses rather than consumers 4

4.3 Show how and why international marketing differs from domestic marketing. 4

Learner declaration

I certify that the work submitted for this assignment is my own and research sources are fully acknowledged. Student signature: Date:

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In addition to the above PASS criteria, this assignment gives you the opportunity to submit evidence in order to achieve the following MERIT and DISTINCTION grades

Grade Descriptor

Indicative characteristic/s

Contextualisation

M1

Identify and apply strategies to find appropriate solutions

Effective judgements have been made

An effective approach to study and research has been applied.

Effective judgments have been made in understanding the application of Marketing principles on Kaffel Ltd office furniture. For example when analyzing external environment or selecting STP strategies

Applied when researching the external environment of the company and when preparing the marketing plan for the organization

M2

Select / design and apply appropriate methods / techniques

The selection of methods and techniques/sources has been justified

The design of methods/techniques has been justified

Complex information/data has been synthesised and processed

To achieve M2, you will have to:

Explain and justify the selection of your segmentation, targeting and positioning strategies for the company, as well as the marketing plan

Analyze the basic elements and the additional elements of the extended marketing mix Task 3.

M3

Present and communicate appropriate findings

Communication is appropriate for familiar and unfamiliar audiences and appropriate media have been used.

To achieve M3 the work you present will need to:

Be presented in suitable business formats and will use business terminology accurately. [Apply to all AC]

D1

Use critical reflection to evaluate own work and justify valid conclusions

Conclusions have been arrived at through synthesis of ideas and have been justified

The validity of results has been evaluated using defined criteria

To achieve D1 you will have to:

Have reached conclusions which draw out the links between the marketing mix and the

achievement of the marketing objectives

[ 3.1, 3.2, 3.3, 3.4 3.5 AC]

D2

Take responsibility for managing and organising activities

Autonomy/independence has been demonstrated

Substantial activities, projects or investigations have been planned, managed and organised

To achieve D2 you will have to show:

An original marketing plan (as result of extensive experience) within the current competition, supporting theories for your choice of methodology for the data collection about finding the product/service as the subject of your analysis throughout the assignment. [4.1]

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D3

Demonstrate convergent /lateral / creative thinking

Problems have been solved

Effective thinking has taken place in unfamiliar contexts.

To achieve D3, you will have to demonstrate:

Your ability to use various financial and quantitative tools to support your decision making process

Assumptions about the surprises that may take place when the product/service project is being pursued.

Sensitivity analysis for upward and downward turns in the projects lifetime. [All ACs]

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Assignment brief

Unit number and title Unit 4: Marketing Principles

Qualification Pearson BTEC Level 5 HND Diploma in Business

Start date 06/02/2015

Deadline/Hand-in date 22/05/2015

Assessor

Assignment title Understanding and application of Marketing Principles

Purpose of this assignment The aim of this assignment is to give learners the opportunity to apply the principles and the basic concepts of marketing in different scenarios.

Scenario You have recently assumed the position of a marketing executive at Kaffel Ltd, an office furniture provider which has a few stores to serve consumers directly, but also have a strong participation in the industrial market (B2B). You are the first marketer in this small company. Kaffels main priority has always been its production unit. Only few years ago they started looking more into the sales department and decided to invest more in the Sales team. The Senior Management Team does not have any marketing knowledge or experience and the company does not have a structured marketing department. However, they are looking at ways to grow the business and want to explore new business opportunities. They are also keen to discover new markets beyond the borders. You have been assigned to design a marketing plan for the company for both sectors (B2C and B2B). However, your first task is to sell the marketing concept to the Senior Management team and influence them to turn the company into a marketing oriented organisation. To achieve this, you will have to do the following tasks:

Task 1 (LO1: 1.1, 1.2, M3) To ensure the Senior Managers will understand and support your plan, write a preliminary report to explain to them the marketing concept, the elements that constitute the marketing process; Then, evaluate the benefits and costs of a marketing orientation for Kaffel.

Task 2 (LO2: 2.1, 2.2, 2.3, 2.5, M1, M3) 2.1, 2.2, 2.3, 2.5 Continue your report with a demonstration of macro and micro environmental factors which could influence the marketing decisions in the company. As the company is participating in both sectors B2C and B2B, propose segmentation criteria and a targeting strategy to be used for products in these two different markets and based on their objective propose a new positioning for the company and its products. 2.4 Explain the Consumer buying behaviour concept to the Senior Management Team and demonstrate them how buyer behavior affects marketing activities in different buying situations

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Task 3 (LO3: 3.1, 3.2, 3.3, 3.4,3.5, M2, M3, D1) 3.1 The next step in your report is to explain the individual elements of the marketing mix to make sure the Management team understand the importance of each and every element. Begin by Describe how the office furniture and other products can be developed to sustain competitive advantage. 3.2 In terms of their distribution, explain how a good distribution arrangement can provide customer convenience for both markets (B2C and B2B)

3.3 Regarding to their pricing strategy, explain how they could set the prices to reflect Kaffels growth objectives, positioning strategy and market conditions 3.4 Illustrate how promotional activity can be integrated to achieve marketing objectives 3.5 Finish your Preliminary report with an Analysis of the three additional elements of the marketing mix (extended marketing mix)

Task 4 (LO4: 4.1, 4.2, 4.3, M3, D2, D3) 4.1 After ensuring that the Management Team has a clear understanding of the marketing concept and the theory, plan two (2) different marketing mixes, both of them for the consumer market. One marketing mix for the premium range of the office furniture and another one for the economy range. 4.2, 4.3 Conclude your report by explaining the differences in marketing Kaffels furnitures to businesses rather than consumers and show them how and why international marketing differs from domestic marketing, thus they can make their decision about going internationally.

---End of assignment-

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Materials for reading and consulting:

Books

Brassington F and Pettitt S Principles of Marketing 4th

Edition (Financial Times/Prentice Hall, 2006) ISBN: 9780273695592

Kotler P et al Principles of Marketing, 5th

Edition (Financial Times/prentice Hall, 2010) ISBN: 9780273743279

Journals

Campaign (Haymarket Publishing)

Harvard Business Review (Harvard Business Publishing)

The Marketing Review (Westburn Publishers Ltd)

The Marketer (Journal of the Chartered Institute of Marketing Magazine)

Marketing Business (The Chartered Institute of Marketing Magazine)

Marketing Week (Centaur Communications Ltd)

The Financial Times and other daily newspapers which contain a business section and market reports

Websites

www.bized.co.uk

www.cim.co.uk

www.ft.com

www.thetimes100.co.uk

Bized provides a selection of teaching and learning resources

The Chartered Institute of Marketings site contains a useful knowledge centre

The Financial Times business sections multimedia resources

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Any act of plagiarism and collusion will be seriously dealt with according to the Edexcel plagiarism policy. Basically, plagiarism occurs when excerpts, ideas, passages taken from other sources are not properly acknowledged and referenced both in the body of the text and in reference. It is the learners responsibility to ensure that they understand all Edexcel guidelines with regards to

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