Identify and evaluate marketing opportunities
Assessment Task 2 BSBMKG501 Identify and evaluate marketing opportunities
1. Read all materials required for this activity: this procedure, BBQfun simulated business, information supplied in the scenario, and information supplied in the BBQfun sales data worksheet of this assessment task.
You are the marketing manager at BBQfun. You and your team have identified three marketing opportunities to evaluate. They are:
• Manufacture and sell own brand
• sell products through e-commerce
• sell products at bargain price
The first opportunity is to manufacture and retail own-branded barbecues and products. Manufacture would take place at a leased plant in India as BBQfun has no manufacturing capability. Also, manufacture in Australia would be too expensive.
The second opportunity is to offer all products in an online store. Stock could be stored at no extra cost at existing stores. Customers would cover delivery costs.
The third option is to aim to increase market share by cutting the cost of products and aiming at mass appeal.
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