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Learning outcome: Discuss political, economic, sociocultural and technical factors in markets that impact on international marketing opportunities.
ASSIGNMENT INSTRUCTIONS
Essay: Discuss political, economic, sociocultural and technical factors in markets that impact on international marketing opportunities.
Select three markets to discuss. Select the most significant markets in your opinion. There is no right or wrong in market selection, as long as you can justify your selection with relevant arguments. In your brief introduction to each market explain why you chose this market (1-2 sentences). Cover all four factors in each of these markets and provide a brief summary (2-3 sentences) for each market outlining its international significance. You can do the discussion in comparison style or simply list one market after the other. The comparison style will earn extra points.
Spread the work for this assignment over the next four weeks. Start this week with market research and gathering resources for each area. Select two markets to discuss. In the following weeks, discuss one factor per week.
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The assignment evaluates regarding the importance of international marketing. Due to advancement in technology most of the developed as well as developing countries are actively participating in international trade and business that helps them in enhancing their economical conditions. there are many external as well as internal factors that influences the business environment of the international market. Factors such as political, economical, socio-cultural and technological conditions of Australia, United Kingdom and China have been discussed in details to understand regarding the most appropriate country for internal expansion.
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Research Weighting 20% No authoritative sources, no evidence of research or not relevant for the task. Very limited understanding. The research has not been linked to the main text. Less than 2 authoritative sources or sources are not relevant for the task. Limited understanding. Little evidence of meaningful integration of the research with the main text. 2-3 scholarly sources. Some sources lack relevance or authority but are still appropriate for the task. Adequate understanding. The research could be incorporated with the main text more consistently. 3-4 scholarly sources. Sources are mostly well-chosen, authoritative and appropriate for the task. Good understanding. The research is integrated with the main text. 4-5 scholarly sources. Sources are well- chosen, authoritative and are appropriate for the task. Excellent understanding. The research is very well integrated with the main text.
Writing Weighting 5% No consideration for presentation. Muddled writing that is very difficult to follow. Numerous grammatical errors. Multiple spelling errors. Acceptable presentation. Long winded and some clear writing presentation. Some grammatical errors. Multiple spelling errors. Tidy presentation. Mostly clear writing but at times long winded. Writing style lacks consideration. Few issues around grammar. Less than 5 spelling errors. Professional presentation. Clear writing mainly to the point. Considered writing style. Excellent grammar with only minor oversights. Less than 3 spelling errors. Polished presentation. Clear and concise writing. Mature and appropriate writing style. Excellent grammar, correct in all aspects. No spelling errors.
Organisation/ logic Weighting 5% No flow. No argument. Poorly organised and difficult to read. Does not flow logically from one part to another. The argument is not clear. Generally well organised although the flow of the argument is not always logical. Argument is clear and mostly sound. Coherently organised and logical formation of sound argument. Exceptionally well structured. Logic is easy to follow. Arguments are sound and convincing.
Discussion of Political and economic factors Weighting 25% Both factors are not discussed with any clarity. The significance and relevance of political and economic factors in these markets is unclear. No link is drawn between this factors and international marketing opportunities. There is some discussion about both factors in both markets. At least one factor in one market is flawed, not clear or covered superficially. There is no adequate link to the discussion of these factors and international marketing opportunities. Political and economic factors are assessed and discussed appropriately. Only one factor in one market is flawed, not clear or covered superficially. There is a vague link between the discussion of these factors and international marketing opportunities. Good insight into political and economic factors in all three markets and good discussion. Maybe one factor in one market is unclear or could have been elaborated on. Relevant link between the discussion of these factors and international marketing opportunities. Justification is excellent.
Criteria E (0-39) D (40-49) C (50-64) B (65-79) A (80-100) Selection of suitable markets Weighting 15% Markets are not very good examples and/ or the justification is highly flawed. Flawed choice of markets, not generally regarded as internationally significant and/ or the justification lacks insight and is not very credible. Reasonable choice of markets, generally regarded as internationally significant or the student justifies the choice in the discussion, albeit somewhat flawed or superficial. Good choice of markets, generally regarded as internationally significant or the student justifies the choice in the discussion. Justification of two is convincing and credible. The markets are very well chosen and are generally regarded as internationally significant or the student justifies the choice in the discussion. Justification is highly credible and convincing.
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