{"id":2682,"date":"2020-01-29T08:41:54","date_gmt":"2020-01-29T08:41:54","guid":{"rendered":"https:\/\/assignmenttask.com\/answers\/?p=2682"},"modified":"2020-01-29T09:10:02","modified_gmt":"2020-01-29T09:10:02","slug":"fnsinc402-develop-and-maintain-in-depth-knowledge-of-products-assessment-1-knowledge","status":"publish","type":"post","link":"https:\/\/assignmenttask.com\/answers\/fnsinc402-develop-and-maintain-in-depth-knowledge-of-products-assessment-1-knowledge\/","title":{"rendered":"FNSINC402 Develop and Maintain In-Depth Knowledge of Products Assessment 1 &#8211; Knowledge"},"content":{"rendered":"<blockquote><p>Looking for FNS40815\u00ad_ FNSINC402 Assessment 1 &#8211; Knowledge Answers? Get <a href=\"https:\/\/assignmenttask.com\/assignment-help.html\"><strong>Assignment Help Online<\/strong><\/a>, <a href=\"https:\/\/assignmenttask.com\/dissertation-help\/\"><strong>Dissertation Writing Help<\/strong><\/a> &amp; <a href=\"https:\/\/assignmenttask.com\/mba-help\/\"><strong>MBA Assignment Help<\/strong><\/a> from PhD\/MBA Experts at cost-effective rates? Acquire HD Quality research work with 100% Plagiarism free content.<\/p><\/blockquote>\n<p style=\"text-align: center;\"><a href=\"https:\/\/assignmenttask.com\/answers\/wp-content\/uploads\/2019\/10\/Order-now-1.png\"><img decoding=\"async\" loading=\"lazy\" class=\"aligncenter size-full wp-image-2386 lazyload\" data-src=\"https:\/\/assignmenttask.com\/answers\/wp-content\/uploads\/2019\/10\/Order-now-1.png\" alt=\"Order-now\" width=\"552\" height=\"87\" data-srcset=\"https:\/\/assignmenttask.com\/answers\/wp-content\/uploads\/2019\/10\/Order-now-1.png 552w, https:\/\/assignmenttask.com\/answers\/wp-content\/uploads\/2019\/10\/Order-now-1-300x47.png 300w, https:\/\/assignmenttask.com\/answers\/wp-content\/uploads\/2019\/10\/Order-now-1-360x57.png 360w\" data-sizes=\"(max-width: 552px) 100vw, 552px\" src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" style=\"--smush-placeholder-width: 552px; --smush-placeholder-aspect-ratio: 552\/87;\" \/><noscript><img decoding=\"async\" loading=\"lazy\" class=\"aligncenter size-full wp-image-2386\" src=\"https:\/\/assignmenttask.com\/answers\/wp-content\/uploads\/2019\/10\/Order-now-1.png\" alt=\"Order-now\" width=\"552\" height=\"87\" srcset=\"https:\/\/assignmenttask.com\/answers\/wp-content\/uploads\/2019\/10\/Order-now-1.png 552w, https:\/\/assignmenttask.com\/answers\/wp-content\/uploads\/2019\/10\/Order-now-1-300x47.png 300w, https:\/\/assignmenttask.com\/answers\/wp-content\/uploads\/2019\/10\/Order-now-1-360x57.png 360w\" sizes=\"(max-width: 552px) 100vw, 552px\" \/><\/noscript><\/a><\/p>\n<h2><strong>FNS40815\u00ad_ FNSINC402 Assessment 1 &#8211; Knowledge Answers<\/strong><\/h2>\n<table style=\"height: 442px;\" width=\"801\">\n<tbody>\n<tr>\n<td width=\"370\"><strong>FNSINC402 Develop and maintain in-depth knowledge of products and services used by an organisation or sector<\/strong><\/td>\n<td width=\"370\"><\/td>\n<\/tr>\n<tr>\n<td width=\"123\"><strong>Unit Description<\/strong><\/td>\n<td width=\"370\">This unit describes the skills and knowledge required to develop and maintain an in-depth knowledge of the financial products and services provided by an organisation, or those an organisation uses, and how they may be applied to client needs.<\/td>\n<\/tr>\n<tr>\n<td width=\"123\"><strong>\u00a0<\/strong><\/td>\n<td width=\"370\"><\/td>\n<\/tr>\n<tr>\n<td width=\"123\"><strong>Learning Outcomes<\/strong><\/td>\n<td width=\"370\">By the end of this unit, students will be able to:<\/p>\n<ul>\n<li>Identify products and services organisation uses<\/li>\n<li>Identify compliance implications of product<\/li>\n<li>Determine appropriate users for products and services<\/li>\n<li>Maintain product knowledge<\/li>\n<\/ul>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><strong>Activity 1<\/strong><\/p>\n<p>Using comparison websites is a good way to obtain up-to-date information about financial products and services. Explain some of the limitations of these comparison systems.<\/p>\n<p>(Explain systems that can be accessed to obtain up-to-date information on products, services, and competition).<\/p>\n<p><strong>Activity 1 Answer<\/strong><\/p>\n<table>\n<tbody>\n<tr>\n<td width=\"691\">&nbsp;<\/p>\n<p>&nbsp;<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><strong>Activity 2<\/strong><\/p>\n<p>In your own words, describe the difference between a debit card and a credit card. (Describe the products and services used by the organisation or sector and their purpose).<\/p>\n<p><strong>Activity 2 Answer<\/strong><\/p>\n<table>\n<tbody>\n<tr>\n<td width=\"691\">&nbsp;<\/p>\n<p>&nbsp;<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><strong>Activity 3<\/strong><\/p>\n<p>Assume one of the big four banks in Australia introduced a new home loan product which was highly competitive for the other 3 banks. Describe the most likely outcome.<\/p>\n<p>(Describe products and services used by competitors that are similar to those of the organisation).<\/p>\n<p><strong>Activity 3 Answer<\/strong><\/p>\n<table>\n<tbody>\n<tr>\n<td width=\"691\">&nbsp;<\/p>\n<p>&nbsp;<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><strong>Activity 4<\/strong><\/p>\n<p>Explain how a financial products broker might segment customers and potential customers. Which segments would be the most attractive to them, and why?<\/p>\n<p>(Explain different marketing methods and approaches to promoting or selling financial products and services).<\/p>\n<p><strong>Activity 4 Answer<\/strong><\/p>\n<table>\n<tbody>\n<tr>\n<td width=\"691\">&nbsp;<\/p>\n<p>&nbsp;<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><strong>Activity 5<\/strong><\/p>\n<p>Describe the general standards of financial product promotional and marketing practice that would be reflected in organisational policy and procedures.<\/p>\n<p>(Identify organisational policy in terms of promotional and marketing strategies).<\/p>\n<p><strong>Activity 5 Answer<\/strong><\/p>\n<table>\n<tbody>\n<tr>\n<td width=\"691\">&nbsp;<\/p>\n<p>&nbsp;<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><strong>Activity 6<\/strong><\/p>\n<p>Outline some of the changes organisations may need to make to their sales promotion procedures to consider the trend to \u2018consultative selling\u2019 (which places the emphasis on the salesperson becoming a \u201ctrusted advisor\u201d to the customer).<\/p>\n<p>(Describe ethical and regulatory conditions that must be adhered to in promoting products and services to clients).<\/p>\n<p><strong>Activity 6 Answer<\/strong><\/p>\n<table>\n<tbody>\n<tr>\n<td width=\"691\">&nbsp;<\/p>\n<p>&nbsp;<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><strong>Activity 7<\/strong><\/p>\n<p>Outline why financial institutions have adopted \u2018cross-selling\u2019 techniques to grow their businesses. (Outline general client characteristics and needs for the organisation or sector).<\/p>\n<p><strong>Activity 7 Answer<\/strong><\/p>\n<table>\n<tbody>\n<tr>\n<td width=\"691\">&nbsp;<\/p>\n<p>&nbsp;<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>&nbsp;<\/p>\n<p><strong>Reference ID: <span style=\"text-decoration: underline; color: #ff0000;\">#getanswers2001035<\/span><\/strong><\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Looking for FNS40815\u00ad_ FNSINC402 Assessment 1 &#8211; Knowledge Answers? Get Assignment Help Online, Dissertation Writing Help &amp; MBA Assignment Help from PhD\/MBA Experts at cost-effective rates? Acquire HD Quality research work with 100% Plagiarism free content. FNS40815\u00ad_ FNSINC402 Assessment 1 &#8211; Knowledge Answers FNSINC402 Develop and maintain in-depth knowledge of products and services used by an organisation or sector Unit Description This unit describes the skills and knowledge required to develop and maintain an in-depth knowledge of the financial products and services provided by an organisation, or those an organisation uses, and how they may be applied to client needs. <a href=\"https:\/\/assignmenttask.com\/answers\/fnsinc402-develop-and-maintain-in-depth-knowledge-of-products-assessment-1-knowledge\/\" class=\"read-more\">Read More &#8230;<\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[2787],"tags":[2794,331,2826,2790,2824,2825,2830,2831,2791,2834,2816],"_links":{"self":[{"href":"https:\/\/assignmenttask.com\/answers\/wp-json\/wp\/v2\/posts\/2682"}],"collection":[{"href":"https:\/\/assignmenttask.com\/answers\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/assignmenttask.com\/answers\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/assignmenttask.com\/answers\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/assignmenttask.com\/answers\/wp-json\/wp\/v2\/comments?post=2682"}],"version-history":[{"count":5,"href":"https:\/\/assignmenttask.com\/answers\/wp-json\/wp\/v2\/posts\/2682\/revisions"}],"predecessor-version":[{"id":2691,"href":"https:\/\/assignmenttask.com\/answers\/wp-json\/wp\/v2\/posts\/2682\/revisions\/2691"}],"wp:attachment":[{"href":"https:\/\/assignmenttask.com\/answers\/wp-json\/wp\/v2\/media?parent=2682"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/assignmenttask.com\/answers\/wp-json\/wp\/v2\/categories?post=2682"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/assignmenttask.com\/answers\/wp-json\/wp\/v2\/tags?post=2682"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}