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Read the following text carefully:
Rohit is a trained plumber and has worked for a hardware shop for more than 3 years. He is very popular in the area and people generally request his employer to send Rohit for their repair and maintenance tasks.
Rohit is planning to start a business of his own where he will directly reach his clients upon a phone call. He will provide services instantaneously within 15 minutes of the request received. His present clients may put in a positive word for him among their friends and neighbors which can help his business grow. On the basis of the given text identify, giving reasons, any two elements of business opportunity.?
Rohit is a trained plumber and has worked for a hardware shop for more than 3 years. He is very popular in the area and people generally request his employer to send Rohit for their repair and maintenance tasks.
Rohit is planning to start a business of his own where he will directly reach his clients upon a phone call. He will provide services instantaneously within 15 minutes of the request received. His present clients may put in a positive word for him among their friends and neighbors which can help his business grow. On the basis of the given text identify, giving reasons, any two elements of business opportunity.?
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Read the following text carefully:Rohit is a trained plumber and has w...
Elements of Business Opportunity
Business opportunities arise when an individual identifies a market need and possesses the means to fulfill it. In Rohit's case, two key elements of his business opportunity can be highlighted:
1. Demand for Plumbing Services
- Rohit has established himself as a skilled plumber with over three years of experience.
- His popularity in the area indicates a strong existing demand for plumbing services.
- Clients often request him specifically, which showcases a level of trust and satisfaction in his work.
- The growing population in local neighborhoods usually leads to an increasing demand for maintenance and repair tasks, further enhancing the opportunity.
2. Competitive Advantage through Quick Response Time
- Rohit’s plan to respond to service requests within 15 minutes presents a significant competitive advantage.
- Quick service is a critical factor for customers needing urgent repairs, such as plumbing emergencies.
- This responsiveness can lead to higher customer satisfaction and loyalty, as clients appreciate timely and efficient service.
- Furthermore, the potential for positive word-of-mouth referrals from satisfied customers can catalyze business growth, reinforcing his reputation in the community.
In summary, Rohit's experience and established reputation, combined with his commitment to rapid service delivery, create a promising business opportunity in the plumbing sector. By capitalizing on these elements, he can effectively attract and retain clients, leading to a successful venture.
Business opportunities arise when an individual identifies a market need and possesses the means to fulfill it. In Rohit's case, two key elements of his business opportunity can be highlighted:
1. Demand for Plumbing Services
- Rohit has established himself as a skilled plumber with over three years of experience.
- His popularity in the area indicates a strong existing demand for plumbing services.
- Clients often request him specifically, which showcases a level of trust and satisfaction in his work.
- The growing population in local neighborhoods usually leads to an increasing demand for maintenance and repair tasks, further enhancing the opportunity.
2. Competitive Advantage through Quick Response Time
- Rohit’s plan to respond to service requests within 15 minutes presents a significant competitive advantage.
- Quick service is a critical factor for customers needing urgent repairs, such as plumbing emergencies.
- This responsiveness can lead to higher customer satisfaction and loyalty, as clients appreciate timely and efficient service.
- Furthermore, the potential for positive word-of-mouth referrals from satisfied customers can catalyze business growth, reinforcing his reputation in the community.
In summary, Rohit's experience and established reputation, combined with his commitment to rapid service delivery, create a promising business opportunity in the plumbing sector. By capitalizing on these elements, he can effectively attract and retain clients, leading to a successful venture.
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Read the following text carefully:Rohit is a trained plumber and has worked for a hardware shop for more than 3 years. He is very popular in the area and people generally request his employer to send Rohit for their repair and maintenance tasks.Rohit is planning to start a business of his own where he will directly reach his clients upon a phone call. He will provide services instantaneously within 15 minutes of the request received. His present clients may put in a positive word for him among their friends and neighbors which can help his business grow. On the basis of the given text identify, giving reasons, any two elements of business opportunity.?
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Read the following text carefully:Rohit is a trained plumber and has worked for a hardware shop for more than 3 years. He is very popular in the area and people generally request his employer to send Rohit for their repair and maintenance tasks.Rohit is planning to start a business of his own where he will directly reach his clients upon a phone call. He will provide services instantaneously within 15 minutes of the request received. His present clients may put in a positive word for him among their friends and neighbors which can help his business grow. On the basis of the given text identify, giving reasons, any two elements of business opportunity.? for UPSC 2024 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about Read the following text carefully:Rohit is a trained plumber and has worked for a hardware shop for more than 3 years. He is very popular in the area and people generally request his employer to send Rohit for their repair and maintenance tasks.Rohit is planning to start a business of his own where he will directly reach his clients upon a phone call. He will provide services instantaneously within 15 minutes of the request received. His present clients may put in a positive word for him among their friends and neighbors which can help his business grow. On the basis of the given text identify, giving reasons, any two elements of business opportunity.? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Read the following text carefully:Rohit is a trained plumber and has worked for a hardware shop for more than 3 years. He is very popular in the area and people generally request his employer to send Rohit for their repair and maintenance tasks.Rohit is planning to start a business of his own where he will directly reach his clients upon a phone call. He will provide services instantaneously within 15 minutes of the request received. His present clients may put in a positive word for him among their friends and neighbors which can help his business grow. On the basis of the given text identify, giving reasons, any two elements of business opportunity.?.
Read the following text carefully:Rohit is a trained plumber and has worked for a hardware shop for more than 3 years. He is very popular in the area and people generally request his employer to send Rohit for their repair and maintenance tasks.Rohit is planning to start a business of his own where he will directly reach his clients upon a phone call. He will provide services instantaneously within 15 minutes of the request received. His present clients may put in a positive word for him among their friends and neighbors which can help his business grow. On the basis of the given text identify, giving reasons, any two elements of business opportunity.? for UPSC 2024 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about Read the following text carefully:Rohit is a trained plumber and has worked for a hardware shop for more than 3 years. He is very popular in the area and people generally request his employer to send Rohit for their repair and maintenance tasks.Rohit is planning to start a business of his own where he will directly reach his clients upon a phone call. He will provide services instantaneously within 15 minutes of the request received. His present clients may put in a positive word for him among their friends and neighbors which can help his business grow. On the basis of the given text identify, giving reasons, any two elements of business opportunity.? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Read the following text carefully:Rohit is a trained plumber and has worked for a hardware shop for more than 3 years. He is very popular in the area and people generally request his employer to send Rohit for their repair and maintenance tasks.Rohit is planning to start a business of his own where he will directly reach his clients upon a phone call. He will provide services instantaneously within 15 minutes of the request received. His present clients may put in a positive word for him among their friends and neighbors which can help his business grow. On the basis of the given text identify, giving reasons, any two elements of business opportunity.?.
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Read the following text carefully:Rohit is a trained plumber and has worked for a hardware shop for more than 3 years. He is very popular in the area and people generally request his employer to send Rohit for their repair and maintenance tasks.Rohit is planning to start a business of his own where he will directly reach his clients upon a phone call. He will provide services instantaneously within 15 minutes of the request received. His present clients may put in a positive word for him among their friends and neighbors which can help his business grow. On the basis of the given text identify, giving reasons, any two elements of business opportunity.?, a detailed solution for Read the following text carefully:Rohit is a trained plumber and has worked for a hardware shop for more than 3 years. He is very popular in the area and people generally request his employer to send Rohit for their repair and maintenance tasks.Rohit is planning to start a business of his own where he will directly reach his clients upon a phone call. He will provide services instantaneously within 15 minutes of the request received. His present clients may put in a positive word for him among their friends and neighbors which can help his business grow. On the basis of the given text identify, giving reasons, any two elements of business opportunity.? has been provided alongside types of Read the following text carefully:Rohit is a trained plumber and has worked for a hardware shop for more than 3 years. He is very popular in the area and people generally request his employer to send Rohit for their repair and maintenance tasks.Rohit is planning to start a business of his own where he will directly reach his clients upon a phone call. He will provide services instantaneously within 15 minutes of the request received. His present clients may put in a positive word for him among their friends and neighbors which can help his business grow. On the basis of the given text identify, giving reasons, any two elements of business opportunity.? theory, EduRev gives you an
ample number of questions to practice Read the following text carefully:Rohit is a trained plumber and has worked for a hardware shop for more than 3 years. He is very popular in the area and people generally request his employer to send Rohit for their repair and maintenance tasks.Rohit is planning to start a business of his own where he will directly reach his clients upon a phone call. He will provide services instantaneously within 15 minutes of the request received. His present clients may put in a positive word for him among their friends and neighbors which can help his business grow. On the basis of the given text identify, giving reasons, any two elements of business opportunity.? tests, examples and also practice UPSC tests.
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