Rising traffic congestion levels made Subhash think out-of the-box.He came up with 'Speedo' the first Bike Taxi App in India for a fast and an affordable means of daily travel.His aim was to provide economical cost effective fuel-efficient and time-saving transport to the people with an affordable means of transportation.The consumers could navigate narrow lanes and bypass traffic congestion problems.The business started growing at 20% month over month.Today it is successfully operating in twelve cities with more than 60 000 consumers.Subhash and his team continuously monitor the business environment to improve its present performance so that the business continues to succeed in the long-run also. Identify and explain two points of importance of business environment discussed in the above para.
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Answer:
Rising traffic congestion levels made Subhash think out-of the-box.He came up with 'Speedo' the first Bike Taxi App in India for a fast and an affordable means of daily travel.His aim was to provide economical cost effective fuel-efficient and time-saving transport to the people with an affordable means of transportation.The consumers could navigate narrow lanes and bypass traffic congestion problems.The business started growing at 20% month over month.Today it is successfully operating in twelve cities with more than 60 000 consumers.Subhash and his team continuously monitor the business environment to improve its present performance so that the business continues to succeed in the long-run also. Identify and explain two points of importance of business environment discussed in the above para.
Explanation: