Unit of competency Outline

Date retreived
22/07/2026 10:50 PM AWST

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Market the small business

Market the small business

Unit of competency
National Code
BSBSMB403A
State Code
D1014
TGA Status
Replaced
DTWD Status
Replaced
Current Release Number
1.00
Current Release Date
24/09/2008
State Implementation and Classification
Approved Date
06/11/2014
Field of Education
080505 - Marketing
Original Release Date
06/11/2014
Nominal Hours
40
Description
This unit describes the performance outcomes, skills and knowledge required to develop and implement marketing strategies, and to monitor and improve market performance.No licensing, legislative, regulatory or certification requirements apply to this unit at the time of endorsement.
Notes
Elements and Performance Criteria
1. Develop marketing strategies
  • 1.1. Analyse the business and its key products or services to determine the focus of marketing activities, in accordance with the objectives of the business plan
  • 1.2. Evaluate the customer base and target market for the small business as a basis for the marketing objectives and strategies
  • 1.3. Determine marketing objectives and strategies that are ethically and culturally appropriate, in consultation with relevant people and in accordance with the business plan
2. Determine a marketing mix for the business
  • 2.1. Balance product mix, volumes and pricing to optimise sales and profit
  • 2.2. Evaluate the costs and benefits of using different distribution channels and/or providing different levels of customer service and consider the results in determining the marketing mix
  • 2.3. Determine promotional activities to suit the target market
  • 2.4. Consider customer needs and preferences in determining the marketing mix
  • 2.5. Determine the marketing mix according to market and business needs
3. Implement marketing strategies
  • 3.1. Brief persons involved in the marketing effort on their roles and responsibilities, to ensure the success of marketing strategies
  • 3.2. Plan and implement promotional activities, in accordance with marketing objectives and budgetary requirements
4. Monitor and improve marketing performance
  • 4.1. Monitor marketing activities and evaluate business performance according to the objectives and targets of the business plan
  • 4.2. Analyse performance gaps and take corrective action or set new targets
  • 4.3. Encourage all relevant people to propose ways to improve marketing performance
  • 4.4. Seek and analyse customer reaction to all aspects of the marketing mix, using culturally appropriate processes, to improve targeting and outcomes
  • 4.5. Conduct ongoing research of customer requirements to identify opportunities for change and improvement
  • 4.6. Monitor and investigate changes in the market for new opportunities to aid business development
RANGE STATEMENT
The range statement relates to the unit of competency as a whole. It allows for different work environments and situations that may affect performance. Bold italicised wording, if used in the performance criteria, is detailed below. Essential operating conditions that may be present with training and assessment (depending on the work situation, needs of the candidate, accessibility of the item, and local industry and regional contexts) may also be included.
Marketing objectives and strategies may include:
achieving lower costs of production and distribution than competitors
creating a very different product line or service so that the business becomes a class leader in the industry
distribution
pricing, presentation and display of products/services
product design and packaging
product range and mix
promotion and advertising
pursuing cost leadership and/or product differentiation within a specialist market segment
Relevant people may include:
accountant or other specialist services
family members, work team members, sub-contractors, community members
franchise agency
financial backers, clients
owner/operator, partners, directors, shareholders
regulatory bodies
trade or industry associations
Distribution channels may include:
dealer, re-seller, franchisee
distributor, delivery service, mail order, telesales
self-access, wholesale, retail
Levels of customer service may include:
after sales service
one-on-one personal service
sales assistance for problems/queries only
Marketing mix may include:
distribution
level of service
pricing
promotion
quality, range
safety features
technical features, design
Promotional activities may include:
advertising in national, suburban or local newspapers
advertising on radio or television
canvassing
development of networks and strategic alliances
display posters
exhibitions, in-store promotions
involvement in community projects
mail drops
professional/industry journals
sponsorship
staff development programs to enhance customer service orientation
website
word of mouth, referral, testimonials
Performance gaps may include:
over achievement of performance targets
under achievement of performance targets
Customer reaction may be determined through:
customer meetings, focus groups
identification of new business opportunities
informal discussion
sales to contact ratio
survey/other feedback mechanisms
trend analysis
EVIDENCE GUIDE
The Evidence Guide provides advice on assessment and must be read in conjunction with the performance criteria, required skills and knowledge, range statement and the Assessment Guidelines for the Training Package.

Overview of assessment

Critical aspects for assessment and evidence required to demonstrate competency in this unit
Evidence of the following is essential:
developing a marketing strategy and choosing a marketing mix for the small business that are culturally appropriate and that complement the business plan
implementing and monitoring the marketing strategy/plan to optimise the chances of small business success
knowledge of relevant marketing concepts and methods.
Context of and specific resources for assessment
Assessment must ensure:
access to relevant documentation
candidate's individual circumstances and work in the context of running a small business, are the basis for assessment.
Method of assessment
A range of assessment methods should be used to assess practical skills and knowledge. The following examples are appropriate for this unit:
portfolio of evidence including marketing strategy and monitoring of marketing performance
oral or written questioning to assess knowledge of industry market trends
review of analysis of performance gaps and corrective action taken or new targets set
review of promotional activities implemented.
Guidance information for assessment
Holistic assessment with other units relevant to the industry sector, workplace and job role is recommended, for example:
BSBSMB404A Undertake small business planning.
Replaces
State Code National Code Title Type
C3751 BSBSBM403A Promote the business Unit of competency
Replaced By
State Code National Code Title Type
AUL85 BSBSMB403 Market the small business Unit of competency
State Code National Code Title Type
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