Section outline

  • Market Day assessment Instructions 


    1. Complete all tasks assigned to you on the Google classroom ( each group only needs to produce one document for each task). 

    2. Use a range of strategies to promote your product  (survey, poster, visiting classrooms, stall labels etc) 

    3. Make your products and sell them on MHJC Market Day, which is on Wednesday, 23 September 2020.   

    4. Keep a record of your spending and earnings (cash book etc.) 


    You need to submit  a Market Day report  on MHJC.  The report should contain the following informaiton.


    Introduction 

    ● Business name: Choose a name for your business 

    ● People: List your team members and their roles in the business 

    ● Mission: Develop a mission statement for your business 

    ● Goals & Objectives: Set some goals for your business and list them 

    Marketing Strategies  

    ● Product: Describe your product. Include a picture/photo. What is it? How is it 

    going to be packaged? 

    ● Target Market: Describe the target market for your product. 

    ● Price: How much will you sell your product for? How much will it cost to make 

    your product? How did you decide on the selling price? Use information from 

    your budget to explain? 

    ● Place: Describe how you will set up your stall for market day. What equipment is 

    needed? How will you make your stall stand out? How will customers line up or 

    receive the product. 

    ● Promotion: Describe the methods of promotion you will use to advertise and 

    promote your product before and during market day. 

    Finance

    ● Budget: Complete a budget to show all the costs involved with producing your 

    product and how much each team member will contribute to cover costs.

    • Decide how profits (or losses) will be shared. 

    •  Income Statement 

    Market Day 

    ● Show evidence of market day by including the following photos: 

    ● Finished product & packaging, stall, cash handling process, customers, promotional activities (posters etc.) 

    Evaluation of Market Day 

    ● Individual reflections completed