BSBINT401 Assessment.pdf - BSBINT401 Research international business opportunities ASSESSMENT COVER SHEET STUDENT ID STUDENT NAME First Name Last Name

BSBINT401 Assessment.pdf - BSBINT401 Research international...

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Unformatted text preview: BSBINT401 Research international business opportunities ASSESSMENT COVER SHEET STUDENT ID STUDENT NAME First Name: Last Name: Student’s Declaration: Students please note: By submitting this assessment, you are acknowledging and agreeing to the following conditions. Please complete all assessment tasks, save, and upload in Moodle for grading. Please view the videos on submitting work through Moodle in the FAQ section of your VET Orientation course. Check Moodle grades and feedback on your submission. You will receive an email notification when your assessment has been graded. Please check the boxes below acknowledging and agreeing to the following conditions. ✔ I have read and understood the details of the assessment. ✔ I have been informed of the conditions of the assessment and the appeals process and understand I may appeal if I believe the assessment is not equitable, fair or just. ✔ I agree to participate in this assessment, and I am ready to be assessed. ✔ I certify that the attached is my own work (or in collaboration with other members of the group as required). ✔ I have acknowledged all sources where appropriate in accordance with ILSC’s Academic Integrity Policy, and I believe other group members have done the same. Assessor’s Acknowledgement: Please verify each of the following principles of assessment by placing a tick in each box. Refer to the assessor's handbook for further information if required. Authentic: The assessor is assured that the evidence presented for assessment is the learner’s own work. Valid: The assessor is assured that the learner has the skills, knowledge and attributes as described in the module or unit of competency and associated assessment requirements. Current: The assessor is assured that the assessment evidence demonstrates current competency. This requires the assessment evidence to be from the present or the very recent past. Sufficient: The assessor is assured that the quality, quantity and relevance of the assessment evidence enable a judgement to be made of a learner’s competency. ILSC Business College BSBINT401 Assessment V5.0917 Page 1 of 9 Reference Only - your trainer will complete this Observation checklist on Moodle Observation checklist for the presentation – Task 3 Student Name Trainer/Assessor Name Date Unit code and name BSBINT401 Research international business opportunities Tasks to be observed Satisfactory Not satisfactory Participation in verbal and non-verbal exchanges using appropriate language ☐ ☐ Sought the views and opinions of others by listening and questioning ☐ ☐ Used a range of sources of information and could explain how these were applicable to the context and content ☐ ☐ Evaluated the viability of the opportunity presented ☐ ☐ Demonstrated good research and analysis skills in relation to the sourcing and synthesis of information ☐ ☐ Justification of the quality of information used ☐ ☐ Uses logically sequenced steps to plan and implement tasks required to achieve outcomes ☐ ☐ Uses analytical techniques to assess skills, competencies and risks associated with opportunities ☐ ☐ Offer an opportunity for feedback or clarification on the business opportunity presented. ☐ ☐ The candidate’s performance was: Not satisfactory ☐ Satisfactory ☐ Feedback to candidate: Student Signature ILSC Business College Assessor Signature BSBINT401 Assessment V5.0917 Page 2 of 9 Assessment Task 1 - Legal Report Research local and international pieces of legislation (as listed below) that may have an influence on business opportunities and operations in the international market. Research the following legislation and laws: International Commercial Terms (INCOTERMS) Trade modernisation legislation: o Customs Legislation Amendment and Repeal Act o Import Processing Charges Act o Customs Depot Licensing Charges Amendment Act Trade Practices Act Warsaw Convention World Trade Organization determinations Format the information in a summary or a bulleted list using the template on the next page. Do not exceed one page per piece of legislation. ILSC Business College BSBINT401 Assessment V5.0917 Page 3 of 9 Legislation International Commercial Terms (INCOTERMS) Customs Legislation Amendment and Repeal Act (a) Who created the law (which authority)? Internatio nal Chamber of Commerce (ICC) is the authority who created the law. Parliament of Australia Australian Government Import Processing Charges Act Parliament of Australia Australian Government Customs Depot Licensing Charges Amendment Act Parliament of Australia Australian Government ILSC Business College (b) What is the full name of the law, and where can the most current version be accessed? International Commercial Terms published by International Chamber of Commerce Custom It is the eighth legislation version Amendment currently being and Repeal implemented. (International Incoterms was Trade) published on Import January 2010. h.gov.au/Parlia Processing ICC has Act mentary_Busin Charges started ess/Bills_Legis 2001 consultations lation/bd/bd16 on the new 17a/17bd064 islation.gov.au/ Incoterms Details/C2016 Import revision, called C00813/Html/T Processing Incoterms ext Charges Act 2020. 2001 . org/ islation.gov.au/ Details/C2016 C00813/Html/T ext BSBINT401 Assessment V5.0917 (c) What is the general intent or purpose of the legislation? 3- The INCOTERMS rules are intended primarily to clearly communicate the tasks, costs, and risks associated The purpose with of the amendments transportation is to enable and delivery of Customs to goods. effectively perform its role of preventing the export of prohibited "Import exports and Processing monitoring Charges Act 2001 compliance to increasewith the the GST law in import relation to the processing GST-free status charges levied of air, supplies on sea of and goods for post Legislation export.Exporters consignments". assisting in who are trying transactions to beas illegal such Boundary are prevented. Fees, Wages and Common Review of Taxes. "Part of a package of three bills to implement certain recommendations from the Joint Review of Border Fees, Charges and Taxes, the bill amends the Customs Depot (d) What sections are specifically relevant to engaging in international business opportunities? Main carriage not paid by the seller Main carriage paid by the seller, arrival Page 4 of 9 (e) What are the implications of these sections for international business opportunities? Main carriage not paid by the seller: Free carrier, which means that the seller fulfills its obligation to deliver when it has handed over the goods, cleared for export, into the charge of the carrier named by the buyer at the named place. Cost and freight, requires the seller pay the cost and freight necessary to bring the goods to its destination, but the risk of loss or damage to the goods, as well as any cost increases, are transffered from the seller to the buyer when the goods pass the ship’s rail in the port of shipment. Trade Practices Act Commonweal th is the authority that created the law. Warsaw Convention State or territory is the authority that created the law. World Trade Organisation determinations The World Trade Organizatio n (WTO) is an intergovern mental organizatio n that is concerned with the regulation of internation al trade between nations. The WTO officially commenced on 1 January 1995 under the Marrakesh Agreement, signed by 124 nations on 15 April 1994, replacing the General Agreement BSBINT401 Assessment V5.0917 on Tariffs ILSC Business College The trade practies act 1974 is the full name of the commonwealth law, and the most current version can The Warsaw be accessed convention from is the 1929 Australian full name of competition the law, and and most consumer the commission current (ACCC). can version be Theaccessed WTO has from civil launched 26 aviation Act March 2018 a 1959. new version of its itions.uslega Analytical l.com/w/warsa Index, issued w-convention/ for the first time in a new electronic-on ly format that will allow the content to be updated on an ongoing basis. to.org The aim of the provisions is to strenghten the position of consumers relative to sellers, distributors and manufacturers by The Warsaw ensuring that convention is an businesses international compete fairly convention which on price and regulates quality. for liability international carriage of people, luggage WTO is to ensure or goods global performed by tradecommences aircraft smoothly,for freely reward. and predictably. TheWTO creates and embodies the ground rules forglobal trade among member nations, offering a system for international commerce. Section 4: Industry codes of practice and section V ,Division IA product liability product safeties, product information, are specifically Documents ofengaging carriage revelant to and liability of the in International carrier; business The sections that specifically opportunities. revelant to engaing in international business opportunities. These agreements are the legal foundations for global trade. Essentially, they are contracts, guaranteeing WTO members important trade rights. They also bind governments to keep their trade policies transparent and predictable which is to everybody’s benefit. The agreements provide a stable and transparent framework to help producers of goods and services, exporters and importers conduct their business. The goal is to improve the welfare of the peoples of the WTO’s members Page 5 of 9 Section3: Industry codes of practice, mandatory or voluntarty, are regulated by the act, which aims to ensure that people are well informed when starting their business and disputes can be resolved quickly and inexpensively. Documents of carriage, mantates carriers to issue passenger tickets, requires carriers to issue baggage checks for checked luggage. Liability of the carrier creates a limitation period of 2 years within which a claim must be brought and limits a carrier’s liability to certain amount. The sums limiting liabilty are valid in the absence of a differing agreement with the carrier, whereas agreements on lower sums are null and void. The WTO is essentially an alternative dispute or mediation entity that upholds the international rules of trade between nations. However, the WTO has fueled globalization with both positive and adverseeffects. Assessment Task 2 - Feasibility Report 1. Choose any product listed on the Australian Made website that is suitable for developing through an offshore business-licensing model. 2. Complete a feasibility report focused on two key areas: processes and skills analysis risk and support services analysis. 1. Identify the product you have chosen from the Australian Made website, and briefly describe why you chose this product. 2. Select a specific target market and discuss the relevant cultural aspects of your choice. 3. Explain the common measures you will use to make your recommendations on this business opportunity ILSC Business College BSBINT401 Assessment V5.0818 Page 6 of 8 4. Identify and briefly describe the relevant legislation that may affect this business opportunity. - Federal trade commission act regulates unfair and deleptive business pratices. - California unfair competiton on - California consumers legal remedies act prohibits 23 specific types of business practies. False statements. Falsely claiming a product is new, when it is actually reconditioned or refurbismed. BAIT and swicth type advertising. - California business and professions. - Consumer privacy act. 5. Complete a short written report (minimum 500 words) describing the: a) processes required to establish the international business opportunity b) skills required by personnel in country and the personal skills needed to manage this business opportunity c) principles of risk management associated with this business opportunity d) support services that may be needed to be accessed. ILSC Business College BSBINT401 Assessment V5.0818 Page 7 of 8 Assessment Task 3 - Product Licensing and Presentation Scenario You have identified a product suitable for offshore licensing, and will complete a feasibility study and present a report to a group of business investors (simulated group). As part of the presentation, seek feedback on the business opportunity from the business investors. Steps: 1. Choose a product and explain why you chose the product and who owns the intellectual property of the product. 2. Develop a PowerPoint presentation and report describing all of the following: a. the product and how it was chosen b. the research undertaken to investigate the business opportunity, including relevant legislation c. the sources of information that were accessed d. a risk review of the business opportunity e. an analysis of their own skills, referenced against the business opportunity f. a summary of findings (research) g. a viability decision regarding the business opportunity. 3. Deliver the presentation (10 minutes duration) and make the printed report available to the business investors. 4. Seek feedback and questions on the business opportunity you are presenting. NOTE: Book a time with your trainer / assessor to make your presentation in class. ILSC uses plagiarism-checking software on all assessments Upload your report and presentation with this completed assessment on Moodle. ILSC Business College BSBINT401 Assessment V5.0818 Page 8 of 8 ...
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