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The Register of Regulated Qualifications

View Unit : Marketing Principles and Practice

Unit
Unit Reference Number
M/503/7077
Qualification Framework
QCF
Title
Marketing Principles and Practice
Unit Level
Level 5
Unit Sub Level
None
Guided Learning Hours
60
Unit Credit Value
15
Date of Withdrawal
SSAs
15.3 Business Management
Unit Grading Structure
Pass
Assessment Guidance

Assignments in accordance with awarding organisation guidance

Learning Outcomes and Assessment Criteria
Learning Outcome - The learner will:Assessment Criterion - The learner can:
1

Understand the role of marketing in business

1.1

Explain how marketing can be defined

1.2

Explain the contribution of marketing to the achievement of business objectives

1.3

Analyse the external factors influencing marketing

1.4

Explain the role of marketing in a not for profit business

1.5

Explain the elements of the marketing process

2

Understand the principles of marketing

2.1

Explain the different elements of the marketing mix

2.2

Explain methods of segmenting markets

2.3

Evaluate the benefits of segmenting markets

2.4

Analyse different methods of researching a market

2.5

Explain how current technology impacts on marketing activity

3

Understand the application of the marketing mix in a specific business   

3.1

Review the market segments for a specific product or business

3.2

Analyse how the business positions its products or services

3.3

Explain how products are distributed

3.4

Analyse the use of pricing strategies

3.5

Analyse the promotional strategy used by the business

4

Be able to develop a marketing plan for a specific product or service

4.1

Propose strategic aims and objectives for the plan

4.2

Determine the target markets for marketing activity, with justification

4.3

Analyse the macro and micro environmental factors influencing the marketing planning

4.4

Propose a marketing mix for the product or service

4.5

Explain how factors relevant to the implementation of the plan have been considered

Equivalent Units
There are no equivalences to display.
2.1.3.0L