BUSN5620 Current Economics Analysis belongs to Torrens University, Australia. This assessment requires students to act as a consultant to help an organization develop a winning marketing strategy that intends to introduce a new product or expand its business/markets. It builds on the previous assessment, Situation Analysis of the chosen organization that they undertook in assessment one. Therefore, they need to revisit their assessment 1 and the feedback from their facilitator.
Address the concerns, if there is any, indicated for their attention while summarising the discussion from assessment 1 for the current market situation and the opportunities and threats sections for their marketing plan (i.e., assessment 2). Then, develop a complete marketing plan for this assessment. Marketing in the 21st century has evolved profoundly where developing winning marketing strategies has been integral to businesses of all types in order to achieve its strategic objectives. This assessment provides students with the opportunity to apply the knowledge and insights developed in the marketing subject to develop effective marketing strategies for a business, a product, or a brand.
Students are required to develop a complete marketing plan for their chosen organization’s product or the brand on which they worked in Assessment 1. The course begins with a review of basic arithmetic and accounting principles to ensure that students are ready for the content ahead. Students will learn how to make financial decisions, such as those related to budgeting, financial statements, and cost-benefit analysis. Financial accounting data is primarily intended to aid investors and creditors in determining where to put their limited investment funds. Such judgments are significant for society because they determine which industries, corporations, and even countries will obtain the necessary financial resources for expansion and which will not.
Financial accounting data is also used by many other decision-makers. Managers and staff of a firm require this information on a regular basis in order to execute and regulate corporate operations. Financial accounting information is developed and used by all types of businesses and individuals in their daily activities. However, in the corporate world, financial accounting concepts are the most established and precisely defined. As a result, the focus of this course is on financial accounting information pertaining to profit-driven businesses. This graduate course covers the fundamental accounting ideas and principles needed to prepare financial statements such as the income statement and balance sheet.
Unit Details of BUSN5620 Current Economics Analysis
Unit Code: BUSN5620
Location: Torrens University, Australia
Study Level: Bachelor of Business Administration
Brief on BUSN5620 Current Economics Analysis
It builds on the previous assessment, Situation Analysis of the chosen organization that they undertook in assessment one. Therefore, they need to revisit their assessment 1 and the feedback from their facilitator. Address the concerns, if there is any, indicated for their attention while summarising the discussion from assessment 1 for the current market situation and the opportunities and threats sections for their marketing plan (i.e., assessment 2). Then, develop a complete marketing plan for this assessment.
The emphasis within BUSN5620 assessment answers should be placed on expanding various steps as recommended in the marketing plan template while the current marketing situation and threats and opportunities analysis to be briefly discussed by summarising the discussion from assessment 1. This assessment builds on assessment 1 therefore you should continue to work on the same organization. In assessment 1 you have addressed two (i.e. current marketing situation and threats and opportunity analysis) out of the eight steps of a marketing plan. In this assessment, you are required to develop a complete marketing plan for a product or a brand of your chosen organization. Since assessments 1 and 2 are interrelated so students in any situation are not advised to change the organization that they chose in assessment1. This assessment task builds on the Situation Analysis that you undertook in Assessment 1.
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BUSN5620 assignment answers require students to expand the remaining steps of the marketing plan to articulate their learning about marketing theories, concepts, and principles covered in the course to demonstrate their level of understanding of them to develop a marketing plan. Students articulate the link between marketing theories and practices and demonstrate an acceptable level of research skills to reveal the insights, applying appropriate business report writing skills while demonstrating a logical flow and cohesiveness in the analysis and discussion. They must make use of appropriate in-text citations and a reference list at the end of their written work. They should provide at least 15 high-quality marketing references to show the quality of research.
Weightage of this BUSN5620 Course Code in Their Semester
In order to graduate from BUSN5620, students will need to score at least 60% in each semester, which is a full-time degree program. Credits scores are being divided between the practical examination and theoretical examination. As a university-sponsored full-time program, this one requires regular attendance and passing a minimum grade point average in order for students to move on to the following semester of the school year.
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To pass all BUSN5620 task answers, learners must receive at least 50% of the weighted score points given for each task. This is a full-time course proposed by the university which demands the students to regularly attend the lectures online and offline as well, and secure the basic percentage of grades to get promoted to the next semester in each academic year.