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Assignment on Intellectual Property Statement

Category: Arts & Education Paper Type: Assignment Writing Reference: APA Words: 4900

VET Fair (ABN 44 983 956 589) is a provider of educational products and services for the vocational education and training (VET) sector.

By purchasing the ‘BSBMKG506 Plan Market Research’ assessment resources (“Product”), you are entitled to use it for educational purposes only, but the intellectual property remains with VET Fair. This Product includes the following components:

·         Assessor Guide

·         Student Assessment Guide

·         Student Assessment Workbook

·         any other material to support the implementation of the Product (e.g. policy and procedures, templates, etc.).

VET Fair owns all copyright to the Product as subject to the provisions of the Copyright Act 1968.

This purchase grants you a non-exclusive, perpetual, non-sublicensable, and non-shareable right to use and contextualise this Product. You have the right to distribute unlimited copies of this Product to your students or internal staff, limited to only for educational purposes; however, you must not:

a)       reproduce this Product or produce other assessment resources based on this Product

b)      share this Product with any other external person or entity other than your students and internal staff through physical or electronic including online access

c)       use this Product for any other purposes than education (e.g. assessing student competency, conducting validation and moderation activities, etc.)

d)      resell this Product to any party of individual

e)      use this Product without affixing the following statement in each copy of a modified, adapted, customised or contextualised version of this Product that is distributed electronically or in a physical format to your target learner audience:

The assessment activities and information in this guide are derived from the BSBMKG506 Plan Market Research assessment resources provided by VET Fair. VET Fair owns all copyright to this information and the intellectual property of this resource remains with VET Fair.

Breaches of this copyright will result in VET Fair claiming for loss of sales.

Table of Contents

Intellectual Property Statement 2

Assessment Information  1

Assessment Event 1 – Knowledge Questions  2

Question 1  2

Question 2  2

Question 3  2

Question 4  3

Question 5  3

Question 6  3

Question 7  3

Question 8  3

Question 9  4

Assessment Event 2: FitLife Simulation  5

Task 1: Identify Market Research Needs  5

1.1 Review and describe the current results of the organisation  5

1.2 Identify and list the organisation’s growth opportunities  5

1.3 Identify an organisational need that may require market research  5

Task 2: Consult with Key Stakeholders on Market Research Needs  6

2.1 Identify the profile and direction of the organisation  6

2.2 Identify the performance of market research in the organisation  6

2.3 Consulted with relevant personnel to determine market research needs  6

2.4 Develop statement of market research opportunities  6

Task 3: Define Market Research Objectives  7

3.1 Develop a market research objective(s) 7

3.2 Develop a scoping document for this objective  7

3.3 Consult with stakeholders on draft objectives and scope and seek feedback  7

3.4 Review this feedback and finalise market research objective  7

Task 4: Define Data Gathering Approaches  8

4.1 Identify the research questions  8

4.2 Identify types of data required  8

4.3 Identify data collection methods  8

4.4 Identify data sources  8

4.5 Quantify required data  8

4.6 Identify and evaluate suitable data processing methods  8

Task 5: Develop Market Research Plan  9

5.1 Estimate the resources and timelines required  9

5.2 Undertake a feasibility analysis  9

5.3 Submit the market research plan to a key stakeholder for approval 9

Appendix A: FitLife Simulation  10

Simulation Background  10

Simulation Phases  10

Your Role in the Simulation  10

Phase 1: 10

Phase 2: 11

Phase 3: 11

Simulation Setup  12

Assessment Conditions for the Observation  13

Appendix B: Observation Check Sheet

Assessment Information

Welcome to your Student Assessment Guide for BSBMKG506 Plan Market Research. This Guide provides you with information on the assessment particularly what you have to do and to what level of performance.

This assessment has the following two events:

Assessment Event 1 – Knowledge Questions

There are nine questions that will provide us with evidence of your general knowledge of tools, processes, and legislation associated with market research.

This assessment is completed in your own time and by a submission date provided by your Assessor. You may use support material in the development of your responses, but you must indicate the source. In addition, you must not ‘cut and paste’ content from your source, rather, use your words, unless it is a direct quote.

 

Assessment Event 2 – Simulation: FitLife

You will complete a number of tasks that will provide us with evidence of your skills with planning market research. These tasks will be based on your role of Market Research Project Officer in a simulation with an organisation titled FitLife, a provider of Fitness Centres across Australia. In your role, you will plan research on the potential demand of a centre in a new location.

To complete the Simulation, you will need to refer to the following resources:

FitLife Strategic Review

A consultant’s report on the industry trends and opportunities based on the strengths and weaknesses of the organisation. You will refer to this report throughout the simulation in Assessment Event 2.

 

 

Project Scope Template

The scoping document that provides the direction for market research. You will populate this document in accordance to the simulation organisation’s market research initiative.

Remember, you do not type your responses in this Student Assessment Guide, but use the Student Assessment Workbook, which is a separate document. This document is simply a guide to explain what you are required to do, and by doing so, this will assist you to perform at your best.

Please note that your responses for both assessment events can (where appropriate) use dot point format. See below for an example of a dot point response and a full sentence response.

Dot point format

Presentation Plan includes the following:

·         outcomes

·         needs of the audience

·         context.

 

 

Full sentence format

When you are preparing for a Presentation, there are a number of tasks that must be carried out. These are; listing the outcomes that you want to achieve, followed by the identification of the needs of your audience. When you have completed these two tasks, you then check on the room you will be conducting the simulation in etc.

Performance required

·         complete all of the questions and tasks listed in the Student Assessment Workbook

·         meet all the requirements listed in this Student Assessment Guide

·         your responses to the questions and tasks must be relevant, accurate and specific

·         submit your completed Student Assessment Workbook to your Assessor within the set timeframes

·         your work must be in your own words

·         where you use an external source of information, you must provide citation.

Assessment Event 1 – Knowledge Questions

The information contained in this assessment event lists the questions that you will need to develop a written response. These questions are theoretical and provide evidence of your understanding of the principles, practices, and legislations involved with market research. Each question includes the requirements which indicate what you have to do and the depth of your response to achieve a satisfactory result.

Question 1

Describe reasons why market research is important to an organisation.

R 1. describe two reasons

R 2. word count is approximately 50 words per description.

Question 2

Explain the key project planning processes listed in the table below.

R 1. provide three points for each process

R 2. explanation must include a real-world example related to the process

R 3. word count is approximately 75 words per process.

Processes

Explanation

Needs analyses

 

Scoping practices

 

Gaining approvals

 

Consultation and stakeholder involvement

 

Creating implementation plans

 

Development of timelines

 

Budgets

 

Question 3

In the table below, outline key provisions of relevant legislation, codes of practice and national standards that impact on the market research processes within an organisation.

R 1. explain the key provisions of each legislation/codes/standards in terms of market research

R 2. word count is approximately 50 words per explanation.

Legislations/Codes/Standards

Key Provisions

Privacy Act 1988

 

Copyright Act 1968

 

Spam Act 2003

 

Fair Work Act 2009

 

Anti-Discrimination Laws

 

Do Not Call Register Act 2006

 

AMSRO Privacy (Market & Social Research) Code 2014

 

AMSRS Code of Professional Behaviour

 

AS/ISO 20252

 

WHS Act 2011

 

Question 4

In the table below, explain data processing methods in market research.

R1.   describe the typical process involved in each method

R2.   word count is approximately 50 words per description.

Data Processing Methods

Typical Process

Data Editing

 

Data Coding

 

Data Classification

 

Data Tabulation

 

Question 5

Describe data analysis techniques in market research.

R1.   list two qualitative data analysis techniques

R2.   list two quantitative data analysis techniques

R3.   describe the typical process involved in each technique

R4.   provide an example of how each technique can be used in a real-life market research setting

R5.   word count is approximately 30 words per description.

Question 6

Describe factors that would need to be considered when determining the feasibility of a market research project.

R 1. explain four factors

R 2. word count is approximately 200 words in total.

Question 7

Describe how you design a sample.

R 1. define the term sample in a market research context

R 2. list five principles to design an effective sample

R 3. word count is approximately 25 words for definition.

Question 8

Explain how a hypothesis is developed and used in market research.

R 1. create a model for hypothesis development and use:

·         include a minimum of five processes

·         explain each process

·         word count is approximately 25 words per explanation

R 2. apply your model to a real-life example:

·         write an example of a real-world situation showing how the model can be used

·         word count is not critical. 

Question 9

Using the table below, explain the use of survey instruments in market research.

R 1. list two qualitative survey methods

R 2. list two quantitative survey methods

R 3. list three strengths and three limitations of each method

R 4. list five principles of effective design for survey instruments

R 5. word count is not critical.

 

Survey Instrument

Strengths

Limitations

Qualitative

 

 

 

 

 

 

Quantitative

 

 

 

 

 

 

Principles:

 


Assessment Event 2:
FitLife Simulation

In this assessment, you will undertake a number of tasks associated with planning and preparing a Market Research Plan for FitLife. In this simulation, you will perform the following actions:

·         analyse the current situation of FitLife

·         summarise the performance of the organisation and the role marketing research has played

·         prepare and consult to develop a Market Research Plan.

Please ensure that you familiarise yourself with this set of requirements that underpin this simulation. This includes understanding the background of the simulation and the criteria you will be assessed on. These are located in the Appendix of this document.

Task 1: Identify Market Research Needs

In this task, you will analyse the relevant data given in the Strategic Review document and then identify market research opportunities.

1.1 Review and describe the current results of the organisation

R 1. summarise the operational results of FitLife

R 2. word count is approximately 100 words in total.

1.2 Identify and list the organisation’s growth opportunities

R 1. list and describe two opportunities tabled in the Strategic Review

R 2. word count is approximately 50 words in total.

1.3 Identify an organisational need that may require market research

R 1. select one opportunity from Task 1.2 that requires further market research

R 2. provide rationale for your selection

R 3. word count is approximately 50 words in total.

Task 2: Consult with Key Stakeholders on Market Research Needs

In this task, you will plan and then deliver an interactive workshop with key stakeholders of the organisation to finalise an area to undertake market research.

2.1 Identify the profile and direction of the organisation

R 1. summarise strengths of FitLife

R 2. summarise weaknesses of FitLife

R 3. summarise marketing opportunities

R 4. word count is approximately 150 words in total.

2.2 Identify the performance of market research in the organisation

R 1. describe the role of market research in FitLife operations

R 2. include two benefits of market research to the organisation

R 3. include two limitations to the way market research has been conducted in the past

R 4. word count is approximately 200 words in total.

2.3 Consulted with relevant personnel to determine market research needs

R 1. present to stakeholders:

·         current performance of the organisation

·         role and benefits of market research

·         marketing opportunities

·         need for further research

·         selection of preferred opportunity to undertake research

R 2. actions must meet all criteria in the Observation Check Sheet in Appendix B

R 3. session has a duration of 45 minutes.

2.4 Develop statement of market research opportunities

R 1. review your notes from the presentation and send an email to the Marketing Manager:

·         describe the preferred marketing opportunity

·         provided a summary of the type of market research that is needed to achieve outcomes

·         request approval to proceed

R 2. attach the copy the email to your Student Assessment Workbook

R 3. this email is approximately 150 words.

Task 3: Define Market Research Objectives

In this task, you will develop a project objective through consultation with the stakeholders of the organisation.

3.1 Develop a market research objective(s)

R 1. write an objective(s) that are:

·         specific

·         measurable

·         relevant

·         achievable

·         timeframed

R 2. word count is not critical.

3.2 Develop a scoping document for this objective

R 1. complete the Project Scope template provided (see separate attachment provided)

R 2. word count is approximately 200 words.

3.3 Consult with stakeholders on draft objectives and scope and seek feedback

R 1. send the Project Scope document to the Marketing Manager via email requesting for feedback

R 2. provide a brief background for the request

R 3. word count is not critical.

3.4 Review this feedback and finalise market research objective

R 1. finalise the Project Scope document in accordance to the feedback received

R 2. attach the copy of your email exchange with the Manager to your Student Assessment Workbook

R 3.  word count was not critical.

Task 4: Define Data Gathering Approaches

In this task, you will plan the market research project to achieve the objective by identifying research questions and the method of data collection, along with the source for this information, and how the data will be analysed.  

4.1 Identify the research questions

R 1. develop a minimum of eight research questions:

·         each question must align to the objective

·         each question must be specific and measurable

·         questions must not duplicate each other

R 2. word count was not critical.

4.2 Identify types of data required

R 1. for each research question, list:

·         the type of data to be used

·         the type of research that will provide this data and information

R 2. word count is not critical.

4.3 Identify data collection methods

R 1. list a combination of data collection methods

R 2. provide three strengths for each of these methods

R 3. provide three limitations for each of these methods

R 4. word count is not critical.

4.4 Identify data sources

R 1. list a minimum of two sources of secondary data

R 2. list two primary data instruments

R 3. with this list, explain why these are selected

R 4. word count is approximately 200 words in total.

4.5 Quantify required data

R 1. identify the sample size for the targeted group

R 2. explain why you selected this size

R 3. word count is approximately 200 words.

4.6 Identify and evaluate suitable data processing methods

R 1. identify three data processing methods

R 2. provide three strengths and three limitations of each method

R 3. make a decision on the most appropriate method

R 4. provide your rationale for the selected method

R 5. word count is approximately 250 words in total.

Task 5: Develop Market Research Plan

In this task, you will develop a plan in readiness for the implementation of the market research project.

5.1 Estimate the resources and timelines required

R 1. create a table to track resources and timelines:

·         include all the research questions

·         list three other processes to successfully undertake the research project

·         list the critical resources required to carry out each item in the table

·         include an achievable timeline for each item in the table

R 2. word count is not critical.

5.2 Undertake a feasibility analysis

R 1. list five issues that were critical to the success of the project

R 2. with each issue:

·         state what the likelihood and impact

·         develop an appropriate strategy to manage the issue

·         word count for each issue is approximately 50 words.

5.3 Submit the market research plan to a key stakeholder for approval

R 1. send email to the Marketing Manager:

·         attach your market research plan

·         include a brief background

·         request feedback on their market research plan

R 2. adjust the plan based on the feedback received

R 3. attach the email correspondence to your Student Assessment Workbook

R 1. word count is not critical.

Appendix A: FitLife Simulation
Simulation Background

The simulation centres on FitLife, a privately owned Australian health club chain with 70 health clubs and 182,000 active members across Australia. With a Head Office in North Sydney, FitLife is one of the market leaders in sport and fitness with a range of products and services at the high end of the market. All centre’s offer:

·         Gym for weightlifting and cardio

·         Classes (Pilates, Yoga, BodyPump, Cycle, BodyAttack, Full Body Lift, and FatBurner, Cycle spin).

FitLife is intent on furthering its competitive edge in the marketplace by developing new centres in new locations and new products and services within its centres. Currently, FitLife does not have a marketing research department and instead outsources all its marketing research initiatives to an established and recognised provider. However, the organisation has not been satisfied with the quality of a recent consultant’s work, particularly the Strategic Review for 2015- 2020. In addition, they are needing more flexibility in terms of currency. Most consultant reports have extended completion dates that make the company less able to respond to changes in the market place. 

As a result, they are now focused on setting up a marketing research department that will internally run market research initiatives.  However, the new Market Research Project Officer believes the expansion of the product range and or the creation of new Fitness Centres (as stated in the marketing objectives) requires more thorough market research before the company invests resources into these programs and services. 

The Market Research Officer believes it is necessary to develop a market research plan for whatever opportunities are approved by Management. The Marketing Officer is well aware that to produce a professional plan would be an excellent opportunity for showcasing the new department. It will send a strong message to the organisation on how to undertake market research and will ensure that future projects become the responsibility of the department and not outsourced to consultants.

Simulation Phases

This simulation is divided into the following phases:

Phase 1:

identification, analysis of current performance of organisation and of marketing research.

 

 

Phase 2:

meeting with stakeholders to determine market research needs.

 

 

Phase 3:

development of a Market Research Plan.

Your Role in the Simulation

You will be the Marketing Research Project Officer of FitLife in the simulation. Your roles and responsibilities in the simulation are as follows:

Phase 1:

Phase 1 occurs from Task 1.1 to Task 1.3. In Phase 1 your main duties in the organisation are as follows:

Appendix A: FitLife Simulation

Simulation background

Phase 1

•             Review the strategic review

According to the current situation Fitlife was not focusing on the marketing research department. Moreover, this company is just outsourcing their projects that are related with the market research. They are doing this because they are in the search to establish a recognized provider. But it can be noted that during outsourcing the project, this company is not satisfied with the quality of the work from the recent consultant. Due to this fact, they are required a marketing research officer that can easily solve this problem for the company.

•             identify current performance both operations and market research

It can be seen from the scenario that Fitlife is outsourcing their market research for getting results. But after some time they are not satisfied from the work of consultant. Due to this they thought that there is a need of market research officer that will work on it. Moreover, the market officer is working on the producing a market research plan for the company that will be approved by the management. The next thing is that the market officer is also well aware about the professional plan that will be extremely beneficial for the organization.

•             prepare for interactive session with stakeholders.

For the interactive session with the stakeholder. There is a need to create a meeting. Through this, fitlife managers are able to discuss future planning of the company in the context of market research. The main aim of this meeting is to take suggestions from the stakeholders how it is possible to improve the market research in an efficient way for the future of the company. Furthermore, in this interactive session the stakeholders will give proper suggestions. About the market research. Due to this it will become easy for the company to develop a new professional plan.

 

Phase 2:

Phase 2 occurs in Task 2.1 to Task 2.5. In Task 2.4, you will interact with two stakeholders to elicit the opinions and clarify and confirm marketing opportunities that would require market research. This session will have a duration of 45 minutes.

Note that your Assessor will not play a role in this observation activity as they will be observing your interaction with the stakeholders and documenting evidence in the Observation Check Sheet provided in Appendix B.

In Phase 2 your main duties in the organisation are as follows:

·         review strengths and weaknesses of the organisation

·         identify current performance of the organisation

·         document role of marketing research past and future

·         identify marketing opportunities that require marketing research and engage in consultation to obtain support for role of marketing research activities.

Phase 3:

Phase 3 occurs from Task 3.1 to Task 5.3. In Phase 3, your main duties in the organisation are as follows:

·         define data gathering approaches

·         develop market research plan.

Simulation Setup

The simulation chosen is to give you the opportunity to provide to provide evidence that demonstrates your ability to develop and present a Market Research Plan. We have tried to make this simulation as real as possible within a classroom setting through use of a simulation that typifies the workplace. To carry out your role in this simulation will require you to follow these steps:

Step 1

At the commencement of the unit, your Assessor will overview the assessment and have the student sign the declaration of understanding located in the Student Assessment Workbook (Pre-Assessment Checklist).

 

 

Step 2

They will select appropriate staff members from the RTO or external professionals to role play the simulation.

 

 

Step 3

Your assessor will provide an overview on the assessment requirements and provide the data and information required prior to you commencing Task 1.1.

 

 

Step 4

You will analyse the simulation background and identify results of FitLife (Task 1.1).

 

 

Step 5

You will identify FitLife’s growth opportunities (Task 1.2).

 

 

Step 6

You will now identify the needs for market research (Task 1.3).

 

 

Step 7

You will identify current profile and direction of FitLife (Task 2.1).

 

 

Step 8

You will identify performance of market research in the organisation and its role (Task 2.2).

 

 

Step 9

You will present this material to stakeholders of FitLife (Task 2.3).

 

 

Step 10

On completion of the meeting, you will use the feedback and develop a statement on the market research (Task 2.4).

 

 

Step 11

You will commence on creating the Marketing Research Plan by developing objective(s) (Task 3.1).

 

 

Step 12

This Plan includes the completion of the Scoping Template (Task 3.2).

 

 

Step 13

On completion of the Scoping Template, you will send an email to their Manager (you, the Assessor) seeking feedback (Task 3.3). Your Assessor will provide you with the required feedback.

 

 

Step 14

On receipt of feedback, you will finalise your market research objective (Task 3.4).

 

 

Step 15

You will define your data gathering approaches by identifying their research questions (Task 4.1).

 

 

Step 16

This approach will include the type of data required (Task 4.2).

 

 

Step 17

You will now table the data collection methods (Task 4.3)

 

 

Step 18

You will list the sources for this data (Task 4.4).

 

 

Step 19

You will describe the sample size and provides a rationale (Task 4.5).

 

 

Step 20

With the approach completed, you will now commence on developing a Market Research Plan which starts with estimating the resources and timelines required (Task 5.1).

 

 

Step 21

You will incorporate a feasibility analysis in their plan (Task 5.2).

 

 

Step 22

You will submit the draft plan to your Manager (your Assessor) for approval to implement (Task 5.3). Your Assessor will provide you with the required feedback. This will be their final feedback to you to finalise your Market Research Plan.

 

 

Step 23

Upon the completion of the simulation, you will collate all evidence and submit your Student Assessment Workbook to your Assessor by the deadline.

 

 


 

Assessment Conditions for the Observation

The information in this section outlines the assessment conditions for the Observation which occurs in Phase 2 and involves your interaction with two stakeholders.

Before the Observation:

·         you must ensure that you have read and understood any documents required to undertake the Observation

·         you must ensure that you have read and understood all performance requirements listed under each task

·         you must ensure that you have read the requirements listed in the Observation Check Sheet as your performance will be judged based on these criteria (see Appendix B)

·         your Assessor will inform you of the date of your Observation.

During the Observation:

·         you will be interacting with the Manager of Products and Services and the Manager of Human Resources

·         it has a total duration of 45 minutes

·         other students will not be observers during the session as this will give them an unfair advantage

·         these stakeholders will be role played by staff from the RTO or other externals

·         your Assessor will brief them on your topic so that they can carry out their actions in an appropriate manner

·         you cannot refer to the Observation Check Sheet while undertaking the Observation

·         your Assessor will:

­   observe you individually based on the criteria in the Observation Check Sheet

­   document their observations in detail on the Observation Check Sheet

­   provide extensive written feedback

­   ensure that the session will be free from distractions

·         you must comply with WHS requirements

·         you must demonstrate all the criteria in the Observation Check Sheet to achieve a satisfactory result for the Observation.

After the observations:

·         if you are successful, your Assessor will summarise your performance during the observation

·         if you are unsuccessful, your Assessor will:

­   provide written feedback on the Observation Check Sheet explaining their justification in detail

­   communicate this feedback to you

­   arrange another suitable time to observe your second attempt.

Appendix B: Observation Check Sheet

We have provided the Observation Check Sheet for you to prepare for your assessment with the Assessor. Remember, you will not be able to use this Check Sheet during this session. However, we recommend you use this as a planning tool so that you are fully prepared for the observation.

Note that you must demonstrate all the criteria listed in the following Observation Check Sheet to be deemed satisfactory.

Performance Requirements:

1.       Introduction

·         welcomes participants with a friendly and positive manner

·         states the purpose of the meeting with specific, relevant, and achievable outcomes

·         clearly and concisely explains the format of the session

·         confirms understanding of the format and objectives

2.       Body

2.1.   Presents performance of the organisation:

·         Includes descriptions on the current performance of the organisation

·         reviews the previous role marketing research has played in FitLife

·         tables two limitations of this role

·         describes the benefits of using a more professional approach to market research

2.2.   Presents market opportunities:

·         tables two potential marketing opportunities

·         seeks feedback on these opportunities

·         generates discussion on the limitations of information on these opportunities

·         takes notes

·         reaches consensus on the most preferred opportunity

2.3.   Credibility of data and information:

·         provides accurate data/information

·         provide relevant data/information

3.       Conclusion

¨  summarises the session in terms of the extent objectives achieved

¨  seeks input on the quality of the session

¨  overviews next steps

¨  completes the session within the time limits of 45 minutes

4.       Communication Skills

4.1.   Body language:

·         maintains eye contact

·         show appropriate facial expressions

·         posture is appropriate

·         gestures fit message

4.2.   Verbal skills:

·         vocal pitch is appropriate

·         tone is pleasant

·         pace is at the right speed to achieve clarity

·         volume is appropriate for participants

4.3.   Sensitive to the cultural diversity of the participant:

·         language avoids jargon

·         language chosen is easy to understand

·         level of formality that shows respect to team

·         content is non-sensitive

·         watches for non-verbal signs

·         seeks input if withdrawn through direct open questioning

4.4.   Processes emotions:

·         processes emotions of self and participants and stays calm

·         feeds back to the group emerging issues

·         these interpretations are accurate and appropriate

5.       Consultation Skills

¨  requests views and opinions of participants

¨  listens attentively

¨  does not interrupt

¨  encourages participants to give input

¨  validates this input

¨  uses open questions to explore issues

¨  where appropriate incorporates into draft plan and proposal

 

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