Business Management 2013 Sample assessment instrument Feasibility study: Marketing This sample has been compiled by the Queensland Curriculum and Assessment Authority (QCAA) to help teachers plan and develop assessment instruments for individual school settings. It demonstrates the following dimensions: Knowing and understanding business management Applying and analysing management strategies Evaluating and communicating management strategies Assessment instrument The task assesses all three dimensions and provides students with opportunities to: Context You have been exploring small-scale business and examining case studies about marketing opportunities. Task A small business aims to increase its market share and competitiveness by launching a new range of products, e.g. introducing organic smoothies at a local café. Prepare a marketing feasibility study to assess the viability of introducing the new product range. describe business situations using examples explain management strategies select and organise business information from primary and secondary sources Conditions Year 11 apply knowledge to identify issues in business situations Students may use class time and their own time to conduct research and develop a response. analyse business information and management strategies and interpret trends, patterns and relationships evaluate management strategies to formulate recommendations justify recommendations using evidence communicate using language conventions to suit audiences and purposes. Written response 800–1000 words Guidelines Conduct primary and secondary research to gather data on the business, its environment, competitors and marketing. Use the data from your research to select and organise information into a SWOT analysis and competitor analysis. Your feasibility study will: describe the current business environment, including the target market explain the business’ current marketing strategies use the SWOT analysis and the competitor analysis to: identify and analyse issues with the business’ marketing interpret the marketing trends, patterns and relationships evaluate the marketing strategy of introducing the new product range and its impact on the business recommend whether it is feasible to implement the new product range, 14956 Comments and justify your reasons. Note: Include both primary and secondary research in the feasibility study. You may use bullet points, charts and diagrams in the feasibility study. Appendixes are not appropriate to this task. Business Management 2013 Sample assessment instrument Queensland Curriculum & Assessment Authority November 2014 Page 2 of 4 Applying and analysing management strategies Knowing and understanding business management Instrument-specific standards matrix Standard A Standard B Standard C Standard D Standard E The student work has the following characteristics: The student work has the following characteristics: The student work has the following characteristics: The student work has the following characteristics: The student work has the following characteristics: thorough description of detailed description of description of business simple description of statement of elements of business situations using a comprehensive range of relevant examples comprehensive explanation of complex management processes and strategies. business situations using a range of examples detailed explanation of management processes and strategies. situations using examples explanation of management processes and strategies. business situations using few examples cursory explanation of simple management processes and strategies. business situations statement of management processes or strategies. The student work has the following characteristics: The student work has the following characteristics: The student work has the following characteristics: The student work has the following characteristics: The student work has the following characteristics: purposeful selection and purposeful selection and selection and organisation partial organisation of statement of business organisation of business information from a comprehensive range of valid primary and secondary sources organisation of business information from a range of valid primary and secondary sources discerning and systematic systematic application of application of knowledge in business situations to identify a comprehensive range of issues knowledge in business situations to identify a range of issues thorough and discerning analysis of business information and management strategies, and accurate interpretation of a comprehensive range of trends, patterns and relationships. detailed and informed analysis of business information and management strategies, and accurate interpretation of a range of trends, patterns and relationships. of business information from primary and secondary sources application of knowledge in business situations to identify issues analysis of business information and management strategies, and interpretation of trends, patterns and relationships. Business Management 2013 Sample assessment instrument business information from sources simple application of information statement of issues knowledge in business situations to identify issues partial analysis of business information or management strategies, and identification of some trends, patterns and relationships. statement of trends, patterns or relationships. Queensland Curriculum & Assessment Authority November 2014 Page 3 of 4 Evaluating and communicating management strategies Standard A Standard B Standard C Standard D Standard E The student work has the following characteristics: The student work has the following characteristics: The student work has the following characteristics: The student work has the following characteristics: The student work has the following characteristics: thorough and insightful evaluation of management strategies to formulate valid and purposeful recommendations detailed evaluation of management strategies to formulate valid recommendations evaluation of management strategies to formulate recommendations simple evaluation of management strategies to state recommendations description of management strategies or statement of simple recommendations well-reasoned justification of recommendations using relevant evidence valid justification of recommendations using relevant evidence justification of recommendations using evidence simple justification of some recommendations statement of opinions coherent communication with discriminating use of language conventions to suit audiences and purposes. clear communication with appropriate use of language conventions to suit audiences and purposes. communication using language conventions to suit audiences and purposes. communication using inconsistent language conventions. communication that impedes meaning. This standards matrix has been made instrument-specific by specifying the context and genres and deleting any objectives not being assessed in this task. Business Management 2013 Sample assessment instrument Queensland Curriculum & Assessment Authority November 2014 Page 4 of 4