Sunny wants to start a business of room heaters. He is facing a lot of problems. This is his
first venture. The demand for room heater is high in winters and he wants to make sure that he
can meet the order as and when demanded . There is lot of competition and he does not know
how to inform the potential buyers about his product .To beat the existing players in the market
he wants to sell his product in 5 cities and does not know how to find potential buyers in
different cities.Not only this she has to ensure that room heaters reach the customer in Different
cities. All this requires a lot of money which is another problem .
Identify 4 problem faced by Sunny by quoting the lines from above briefly explain how he can
overcome them
Answers
srrrrry I don't no about buisness
Answer:
The solution of 4 problem is described below:
Explanation:
As per above case, Sunny as a owner of business of room heater is facing lot of problem as:
Line- The demand for room heater is high in winters and he wants to make sure that he can meet the order as and when demanded
Problem- This is problem of hindrance of Place
Solution- The Transport segment of commerce helps in removing the place gap. The transport moves goods from the place of production to the market which are easily accepted by the consumer.
Line - There is lot of competition and he does not know how to inform the potential buyers about his product.
Problem - This is problem of hindrance of Knowledge
Solution - The Advertisement branch of commerce helps in removing the hindrance of knowledge by spreading the awareness about the new products and their utility.
Line- he wants to sell his product in 5 cities and does not know how to find potential buyers in different cities. Not only this she has to ensure that room heaters reach the customer in Different cities
Problem - This is problem of hindrance of Person
Solution - The trade segment of commerce creates a link between producers and consumers. Traders help in exchange of goods or service from the producer to consumer and hence remove the hindrance between producer and consumer
Line- All this requires a lot of money which is another problem .
Problem - This is the problem of hindrance of Finance
Solution - The Banking branch of commerce help in removing the hindrance of finance. Bank are financing businessmen by granting them loan, credit facility, etc. Banks are helping in external trade also by issuing letter of credit and by providing foreign currency.
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