Feedback (7).pdf - BSBINT401 Research international business opportunities ASSESSMENT COVER SHEET STUDENT ID STUDENT NAME First Name:Christoforos 44157

Feedback (7).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:Christoforos 44157 Last Name:Kalantzis 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 Click here to enter text. Trainer/Assessor Name Click here to enter text. Unit code and name Date Click here to enter a date. 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: Click here to enter text. Student Signature ILSC Business College Click here to enter text. Assessor Signature BSBINT401 Assessment V5.0917 Click here to enter text. Page 2 of 9 Assessment Task 1 Legal Report You are required to research local and international pieces of legislation (as listed below) that may have influence on business opportunities and operations in the international market. The legislation and law required to be researched are: 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 Information can be provided in a summary or in a bulleted list format, and should not exceed one page per piece of legislation examined. A template is on the next page for completion. ILSC Business College BSBINT401 Assessment V5.0917 Page 3 of 9 Legislation (a) Who created the law (which authority)? (b) What is the full name of the law, and where can the most current version be accessed? (c) What is the general intent or purpose of the legislation? (d) What sections are specifically relevant to engaging in international business opportunities? (e) What are the implications of these sections for international business opportunities? International Commercial Terms (INCOTERMS) The main purpose is to interpret Allversion the sections trade relevant facilitating for the international INCOTERMS communication business are commonly especially opportunities, in used internatio incons mo ICC: InternationalInternational Chamber of Commercial Commerce Terms, the current can terms, beare accessed inThe the ICC website. Customs Legislation Amendment and Repeal Act The Parliament ofCustoms AustraliaLegislation Amendment and of Repeal (International Trade Act 2001 The main purpose this The legislation part 1 that is to refers modernize to Modernisation) goods These thethat way are sections that subject the contain Australian to customs important Customs control; information Service The Sc Import Processing Charges Act Federal Register Import of Legislation Processing Charges Act 2001, latest version was registered in 2016charges; and is available in of the website www. The purpose of thisthe legislation The imposition is to impose of import import processing processing Theses sections charges Amounts are of certain about importing goods import imported processi charge Customs Depot Licensing Charges Amendment Act Federal Register of Customs Legislation Depot Licensing Charges Actact 1997, most charges current version is the Amendment of 2015 that can be found The purpose of this The is tothe Imposition impose of charges; regarding Amount The the charges licensing of depot applyed licence of depots inapplication the under Depot thelicenses charge; Customs A ca ILSC Business College BSBINT401 Assessment V5.0917 Page 4 of 9 Trade Practices Act of the Trade Restrictive Practices trade Act practices; (Competition Consumer These and Consumer sections protection; contain Act)Product isimportant toAct deal safety with information and almost prod a Parliament of Australia Trade Practices ActThe 1974purpose but since 2011 the name has changed to ‘Competition and Consumer 2010. The mos Warsaw Convention International Technical The Convention Committee for of The Legal the Warsaw unification Expertsconvention's on of certain Air Questions Allrules main of the relating purpose sections toisinternational are to create relevant All rules carriage of the of liability sections by airgoverning (Warsaw can be considered the Convention) international relevan cancb World Trade Organisation determinations The WTO determinations All the information are negotiated The can and be main found signed purpose in by thethe isWTO tobulk All negotiate website determinations of the trade world’s agreements trading are considered nations and It is settle and the relevant main ratified trade in purpose disputes international in theirofparliament using the WTO trade a system to activities negotia of tr ILSC Business College BSBINT401 Assessment V5.0917 Page 5 of 9 Assessment Task 2 Feasibility Report Instructions to Student:Step One - You will need to choose any product listed on the Australian made website < ; that is suitable to be developed through an offshore business licensing model. Step Two - You will then need to 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. The product chosen from the Australian Made Website is the WAXAWAY After Waxing Oil 125 mL. The choice was made considering the Waxaway After Waxing Oil is a skin care product of low cost, which it can be a good opportunity based in the idea of a constantly growing beauty market. 2. Select a specific target market and discuss the relevant cultural aspects of your choice. The target market for this product is brazilian beauty salons and beauty shops. The main reason is because beauty and personal care is culturally important in Brazil, therefore the consumption of hygiene-related products is very high. 3. Explain the common measures you will use to make your recommendations on this business opportunity Research on the potential market, prices, competition and cultural characteristics. ILSC Business College BSBINT401 Assessment V5.0917 Page 6 of 9 4. Identify and briefly describe the relevant legislation that may affect this business opportunity. Competition and Consumer Act (Trade Practices Act): deals with issues related to unfair market practices, product safety, price monitoring and industry codes of practice. Warsaw Convention: This convention creates rules of liability governing the international carriage of people, baggage and cargo by aircraft. The World Trade Organization (WTO) determinations: rules of trade between nations to ensure that trades will flow as smoothly, predictably and freely as possible. 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 V5.0917 Page 7 of 9 Assessment Task 3 Product Licensing and Presentation Instructions to Student:You must identify a product suitable for offshore licensing, complete a feasibility study and present a report to a group (or simulated group) of business investors. As part of the presentation, candidates will need to seek feedback on the business opportunity they have presented. You are required to provide a supporting document for the presentation that contains: the research undertaken to investigate the business opportunity the sources of information that were accessed a risk review of the business opportunity an analysis of their own skills, referenced against the business opportunity the summary findings of all research a viability decision regarding the business opportunity. You are required to: 1. Identify the product chosen, explain why the identified product has been chosen and who owns the intellectual property of the product. 2. Develop a PowerPoint presentation and a report describing: 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. ILSC Business College BSBINT401 Assessment V5.0917 Page 8 of 9 3. Deliver the presentation (10 minutes duration) and make available your printed report for review. 4. Offer an opportunity for feedback or clarification on the business opportunity presented. Important Note to Student - To present the PowerPoint Slides, book a time with your Trainer/Assessor. ILSC uses a 3rd party plagiarism checker Upload your report and presentation with this completed assessment on Moodle. 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