BSBSMB301 Assessment Answer – Investigate Micro Business Opportunities
The very reputed and leading Victoria University enlightening the career of numerous students by educating them with management courses. If you are also among those fortuitous students, then you might have definitely given the task to pen down BSBSMB301 Investigate Micro Business Opportunities Assessment Answer. Being a very important topic in the management course, the BSBSMB301 Assessment teaches the students about describing business ideas. You will be able to identify marketing needs, and investigating the factors affecting the market. If you too have to complete this assignment and you lack the required knowledge and skills to complete it then you can use the management assignment help from Australia Assignment Help management writers.
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Learning outcomes of BSBSMB301 Investigate Micro Business Opportunities Assessment:
Upon successful completion of the Investigate Micro Business Opportunities Assessment students will be able to:
Students will be able to describe the business ideas:
- From the appropriate sources, students will be able to gather information for business ideas.
- After completion of BSBSMB301 answers, students will be able to list all the details of business ideas and opportunities.
- In light of available resources, students will be able to research alternative business ideas.
- To match the business ideas students will be able to specify and list the products and services.
- For business ideas, students will be able to identify and research potential customer information.
- When researching business opportunities students will able to identify and take into account the available financial, digital technology.
Students will be able to identify the market needs:
- From appropriate sources, students will be able to collect important information regarding market size and potential.
- To identify the market needs relative to the business ideas students will be able to investigate market trends and development.
- For business ideas, students will be able to identify the ethical and cultural requirements of the market and their relevance.
- New and emerging markets can be identified by the students and they can document their features.
- On expected market growth or decline and associated risk factors, students will be able to identify and organize information.
Students will be able to investigate the factors affecting the market:
- Students will be able to identify projected changes in the population, labor force, and economic activity that may impact the business ideas. In simple words, after completion of the BSBSMB301 course students will be able to identify the influence of different factors on business ideas.
- In the availability of the resources, students will be able to identify the movements in prices and projected changes.
- Students will be able to review new trends and developments and they can identify their potential impact on business ideas.
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Mention below are some of the tasks that a student has to complete while writing the BSBSMB301 Investigate Micro Business Opportunities Assessment:
- To investigate a business opportunity students have to do the research and analyze the information from a range of sources, including Financial considerations, Digital Technologies, Market size, potential and trends, ethical and cultural requirements of the market, and resource availability.
- Students have to review the data for their potential impact on the market, services, customers, and products.
- In the context of BSBSMB301 assessments, students have to match the products and services with the business opportunity.
- Relevant to the specific micro-business opportunities being investigated students have to locate and outline the legislation and regulation.
- In relation to the micro-business opportunities, students have to summaries the benefits and challenges of digital technologies.
- Students have to describe appropriate business research methods. They also have to describe the data collection tools and software.
Students have to do the research on methods and methodology
Note: Students must include access to internet access for research, data collections tools and software, relevant legislation, regulations, standards and codes, international business research topics, relevant workplace documentation and resources, case studies and if possible real situations and interaction with others.
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