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Unit of competency details

AHCBUS502A - Market products and services (Release 1)

Summary

Usage recommendation:
Superseded
Mapping:
MappingNotesDate
Is superseded by and equivalent to AHCBUS502 - Market products and servicesThis unit is equivalent to AHCBUS502A Market products and services plus AHCBUS505A Develop a marketing plan 26/Jun/2016
Supersedes RTE5921A - Market products and services09/Jun/2011

Release Status:
Current
Releases:
ReleaseRelease date
1 1 (this release) 10/Jun/2011

Accredited courses that have this unit in the completion mapping

Training packages that include this unit

CodeTitleSort Table listing Training packages that include this unit by the Title columnRelease
SFI11 - Seafood Industry Training PackageSeafood Industry Training Package 1.0-2.2 
FWP - Forest and Wood Products Training PackageForest and Wood Products Training Package 2.0 
FPI11 - Forest and Forest Products Training PackageForest and Forest Products Training Package 1.0-2.3 
AHC10 - Agriculture, Horticulture and Conservation and Land ManagementAgriculture, Horticulture and Conservation and Land Management 2.0-8.0 

Qualifications that include this unit

CodeTitleSort Table listing Qualifications that include this unit by the Title columnRelease
SFI50511 - Diploma of Seafood ProcessingDiploma of Seafood Processing 1-4 
FWP50116 - Diploma of Forest and Forest ProductsDiploma of Forest and Forest Products 
FPI50111 - Diploma of Forest and Forest ProductsDiploma of Forest and Forest Products 1-3 
AHC51812 - Diploma of Organic FarmingDiploma of Organic Farming 
AHC51610 - Diploma of Irrigation ManagementDiploma of Irrigation Management 1-2 
AHC51513 - Diploma of ViticultureDiploma of Viticulture 
AHC51410 - Diploma of Agribusiness ManagementDiploma of Agribusiness Management 1-5 
AHC51210 - Diploma of Community Coordination and FacilitationDiploma of Community Coordination and Facilitation 1-3 
AHC50410 - Diploma of HorticultureDiploma of Horticulture 1-3 
AHC50310 - Diploma of Production HorticultureDiploma of Production Horticulture 1-3 
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Classifications

SchemeCodeClassification value
ASCED Module/Unit of Competency Field of Education Identifier 080505 Marketing  

Classification history

SchemeCodeClassification valueStart dateEnd date
ASCED Module/Unit of Competency Field of Education Identifier 080505 Marketing  04/Nov/2011 
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Modification History

Not Applicable

Unit Descriptor

Unit descriptor 

This unit covers the marketing of products and services and defines the standard required to collect, analyse and present data in the internal and external business environment; assess alternative marketing strategies and techniques to meet business plan objectives; plan and implement a marketing strategy; and monitor product, pricing and distribution policies to improve market performance.

Application of the Unit

Application of the unit 

This unit applies to those who market products and services in an agricultural, horticultural or land management enterprise.

Licensing/Regulatory Information

Not Applicable

Pre-Requisites

Prerequisite units 

Employability Skills Information

Employability skills 

This unit contains employability skills.

Elements and Performance Criteria Pre-Content

Not Applicable

Elements and Performance Criteria

ELEMENT 

PERFORMANCE CRITERIA 

1. Analyse market information

1.1. Markets for existing or new products or services are identified, researched and analysed for possible entry or development.

1.2. Past trends and developments are analysed to determine market variability and associated risks.

1.3. Market environment is continually monitored in a consistent manner to ensure information is current and reliable.

1.4. The legal, ethical and environmental constraints of the market(s) and their effect on the enterprise are identified.

1.5. Product mix that suits market requirements/price advantage at the time is adopted.

2. Develop a marketing plan

2.1. Alternative marketing strategies and techniques are assessed and interpreted to identify marketing targets and methods.

2.2. Marketing strategies are based on reliable data, market environment and substantiated trends.

2.3. Marketing options incorporate suitable advice from marketing professionals.

2.4. A measurable cost-effective marketing plan is developed incorporating a reasoned analysis of market research and business plan objectives.

3. Implement marketing activities

3.1. Planned marketing activities are scheduled within appropriate timeframes.

3.2. Measurable performance targets are developed and meet business plan objectives.

3.3. Distribution channels are organised, and product and service information is accurate and readily available to clients.

3.4. Marketing activities are implemented within budgetary constraints to meet legal, ethical and enterprise requirements.

4. Evaluate marketing performance

4.1. Product, pricing and distribution policies are monitored in relation to market changes, marketing objectives and enterprise requirements.

4.2. Areas of positive performance are identified and corrective action is taken to remedy poor performance areas.

4.3. An objective assessment of the marketing plan and implementation is made by a comparison of valid and reliable data against performance targets.

4.4. Relevant information is documented for continual analysis and effective planning management.

Required Skills and Knowledge

REQUIRED SKILLS AND KNOWLEDGE 

This section describes the skills and knowledge required for this unit.

Required skills 

  • analyse with regard to market research and assessments
  • manage information
  • assess financial strategies and prepare budgets
  • use literacy skills to fulfil job roles as required by the organisation. The level of skill may range from reading and understanding documentation to completion of written reports
  • use oral communication skills/language competence to fulfil the job role as specified by the organisation including questioning, active listening, asking for clarification, negotiating solutions and responding to a range of views
  • use numeracy skills to estimate, calculate and record complex workplace measures
  • use interpersonal skills to work with others and relate to people from a range of cultural, social and religious backgrounds and with a range of physical and mental abilities.

Required knowledge 

  • price risk management
  • performance evaluation measures
  • competitors strengths and weaknesses
  • business planning process
  • customer relations policies
  • market conditions and forces
  • enterprise goals, objectives and directions
  • markets and market analysis
  • communication and promotion skills
  • marketing principles and practice
  • principles of trend analysis.

Evidence Guide

EVIDENCE GUIDE 

The evidence guide provides advice on assessment and must be read in conjunction with the performance criteria, required skills and knowledge, range statement and the Assessment Guidelines for the Training Package.

Overview of assessment 

Critical aspects for assessment and evidence required to demonstrate competency in this unit 

The evidence required to demonstrate competency in this unit must be relevant to workplace operations and satisfy holistically all of the requirements of the performance criteria and required skills and knowledge and include achievement of the following:

  • collect, analyse and present data in the internal and external business environment
  • assess alternative marketing strategies and techniques to meet business plan objectives
  • plan and implement a marketing strategy
  • monitor product, pricing and distribution policies to improve market performance.

Context of and specific resources for assessment 

Competency requires the application of work practices under work conditions. Selection and use of resources for some worksites may differ due to the regional or enterprise circumstances.

Range Statement

RANGE STATEMENT 

The range statement relates to the unit of competency as a whole.

Markets may include:

  • wholesalers
  • retailers
  • exporters
  • local, national and/or international customers
  • private and public sector organisations and enterprises.

Marketing strategies may include:

  • various information with regard to:
  • pricing
  • promotion
  • product quality
  • service standards
  • distribution channels.

Unit Sector(s)

Unit sector 

Business

Co-requisite units

Co-requisite units 

Competency field

Competency field