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MKTG1071 Strategic Marketing

Challenge 2: Price and Financial Acumen (Submission)
  • Due 4 May by 23:59
  • Points 100
  • Submitting a file upload
  • Attempts 0
  • Allowed attempts 2
  • Available after 3 Mar at 0:00

A1: Price and Financial Acumen

Format: Report | Individual
Client: Monos

Weighting: 15%

Word count: 1-page

Due Date: Week 8, Sunday May 4, 23:59pm AEST

Sample: Exemplar (from a similar but different challenge)_by IsabelDownload Exemplar (from a similar but different challenge)_by Isabel

Submission details

Task details

Please see Assessment 1 instructions for a full description of your task.

Key advice:

  • Examine costing in detail; don’t just settle for the first price you see
  • Succinctly justify your decision, including what market forces have been impactful.
  • Sometimes pictures/graphics/graphs/tables say more than words
  • You can suggest any strategic marketing options, but this challenge does have a price and projections component

Marking criteria

This assessment will measure your ability to:

  • Cost determination with evidence = 20%
  • Price justification =20%
  • Launch strategy = 30%
  • Solution critical thinking and innovation = 20%
  • Presentation/Professionalism = 10%

Assessment Policies

Referencing Guidelines

Use RMIT HarvardLinks to an external site. referencing style for this assessment.

You must acknowledge all the courses of information you have used in your assessments.

Refer to the RMIT Easy CiteLinks to an external site. referencing tool for examples and tips on referencing in the appropriate style. You can also refer to the library referencing page for more tools, such as EndNote, referencing tutorials and referencing guides for printing.

Academic Integrity and Plagiarism

Academic integrityLinks to an external site. is about the honest presentation of your academic work. It means acknowledging the work of others while developing your insights, knowledge and ideas.

You should take extreme care that you have:

  • Acknowledged words, data, diagrams, models, frameworks and/or ideas of others you have quoted (i.e. directly copied), summarised, paraphrased, discussed or mentioned in your assessment through the appropriate referencing methods
  • Provide a reference list of the publication details so your reader can locate the source if necessary. This includes material taken from Internet sites.

Suppose you do not acknowledge the sources of your material. In that case, you may be accused of plagiarism because you have passed off the work and ideas of another person without appropriate referencing as if they were your own.

RMIT University treats plagiarism as a grave offence constituting misconduct.

Plagiarism covers a variety of inappropriate behaviours, including:

  • Failure to properly document a source
  • Copyright material from the internet or databases
  • Collusion between students

For further information on our policies and procedures, please refer to the University websiteLinks to an external site..

Assessment Declaration

When you submit work electronically, you agree to the Assessment declarationLinks to an external site.

Rubric

Challenge 2: Price and Financial Acumen

Challenge 2: Price and Financial Acumen

CriteriaRatingsPts

This criterion is linked to a learning outcomeCost determination with evidence

20 to >16.0 Pts

HD

Cost is excellently developed, logical and thoroughly thought through with efficient use of evidence to support your arguments.

16 to >14.0 Pts

D

Cost is very well developed, logical and thoroughly thought through with efficient use of evidence to support your arguments.

14 to >12.0 Pts

C

Cost is well developed, logical and mostly thought through with mostly efficient use of evidence to support your arguments.

12 to >10.0 Pts

P

Cost is not fully developed, logical and thought through and lacks sufficient evidence to support your arguments.

10 to >0.0 Pts

N

Vague or missing key information

0 Pts

No marks

Did not submit

20 pts

This criterion is linked to a learning outcomePrice justification

20 to >16.0 Pts

HD

Price is logical and excellently justified.

16 to >14.0 Pts

D

Price is logical and very well justified.

14 to >12.0 Pts

C

Price is logical and well justified.

12 to >10.0 Pts

P

Price is logical and somewhat justified or price is not really logical.

10 to >0.0 Pts

N

Vague or missing key information

0 Pts

No marks

Did not submit

20 pts

This criterion is linked to a learning outcomeLaunch Strategy

30 to >24.0 Pts

HD

Excellently developed, showing extremely high level strategic foresight. Clearly thought through and logical.

24 to >21.0 Pts

D

Very well developed, showing very high level strategic foresight. Mostly, clearly thought through and logical.

21 to >18.0 Pts

C

Well developed, showing high level strategic foresight. Generally, clearly thought through and logical.

18 to >15.0 Pts

P

Not that well developed, lacking high level strategic foresight. Somewhat thought through and logical.

15 to >0.0 Pts

N

Vague or missing key information

0 Pts

No marks

Did not submit

30 pts

This criterion is linked to a learning outcomeSolution critical thinking and innovation

20 to >16.0 Pts

HD

Solution is highly innovative, moved away from the norm and was applied taking an incredibly strong critical lens.

16 to >14.0 Pts

D

Solution is mostly innovative, moved away from the norm and was applied taking a very strong critical lens.

14 to >12.0 Pts

C

Solution is generally innovative, generally moved away from the norm and was applied taking a critical lens

12 to >10.0 Pts

P

Solution is barely innovative, only somewhat moved away from the norm and lacked major critical thinking

10 to >0.0 Pts

N

Vague or missing key information

0 Pts

No marks

Did not submit

20 pts

This criterion is linked to a learning outcomePresentation/Professionalism

10 to >7.9 Pts

HD

Challenge is excellently presented with no spelling/grammar errors and is written concisely but still gets key points across. Fully represents what you would give to a client.

7.9 to >6.9 Pts

D

Challenge is very well presented with no major spelling/grammar errors and is written concisely but still gets key points across. Mostly represents what you would give to a client.

6.9 to >5.9 Pts

C

Challenge is well presented with minor spelling/grammar errors and/or is mostly written concisely but still gets points across. Generally represents what you would give to a client.

5.9 to >5.0 Pts

P

Challenge is presented with some major spelling/grammar errors and/or is written concisely but lacks clarity or is above the word count. Not likely what you would give to a client.

5 to >0.0 Pts

N

Poor, missing key information, poorly presented and /or major spelling and grammar errors. Absolutely doesn't represent client quality.

0 Pts

No marks

Did not submit

10 pts

Total points: 100