Elements and Performance Criteria

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.
Business opportunities may include:
amount and types of finance available
consideration of applications and costings for trademarks, patents and standards accreditation
expected financial viability
finance required
likely return on investment
returns expected or required by owners
skills of operator
understanding of legal, cultural and other factors unique to the country of business
Business viability may include:
cost of modifying products and services to meet market requirements
location and/or premises available
market competition
opportunities available
resources available
risk related to a particular business opportunity, especially in regard to occupational health and safety (OHS) and environmental considerations
skills available
timing/cyclical considerations
Specialist services may include:
accountants
Austrade, state/territory departments and agencies, chambers of commerce
business brokers/business consultants
industry/trade associations
lawyers and providers of legal advice
online gateway
Business risks may include:
credit/payment risk of exporter not being paid or importer facing additional and unexpected costs associated with one or more of the following risks:
bank risk - financial standing of institutions involved in transaction/s
commercial risk - buyer insolvency
country risk - war/civil unrest/political decisions/economy
exchange rate - exchange rate fluctuations
finance risk - sufficiency of funding
performance risk - exporter/importer ability to deliver
transfer risk - exchange control/trade control
transport risk - loss of or damage to goods
other relevant risks such as:
legal risks associated with tax legislation, overlapping jurisdictions, regulations relevant to trading with international firms
market competition
OHS and environmental considerations
resources available
supply and demand

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:
research that has led to decisions about taking up international business opportunities
accessing different sources of information
documenting outcomes of research
knowledge of relevant Australian, international and local legislation.
Context of and specific resources for assessment
Assessment must ensure:
access to an actual workplace or simulated environment
access to office equipment and resources
access to relevant workplace documents
access to information sources used by candidate.
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:
direct questioning combined with review of portfolios of evidence and third party workplace reports of on-the-job performance by the candidate
review of feasibility study to determine likely business viability
analysis of responses to case studies and scenarios
demonstration of research techniques
observation of presentations
oral or written questioning to assess knowledge of cultural aspects relevant to target markets
assessment of documentation about business risks.
Guidance information for assessment
Holistic assessment with other units relevant to the industry sector, workplace and job role is recommended, for example:
research units or other international business units.