MTTM 14 Solved Assignment 2024-25
TOURIST TRANSPORT MANAGEMENT
MTTM 14 Solved
Assignment 2024-25 : All assignments are in PDF format which would be send
on email/WhatsApp (9958676204) just after payment.
Assignment Code: ASST/ MTTM 14 /2024-25
Marks: 100
Attempt all the questions:
Q1. What are the
entrepreneurial qualities required for starting own business? What difficulties
do you foresee in setting up of a Transport Company?
Starting your
own business, especially a transport company, requires a mix of personal
qualities and an understanding of the industry's challenges. Here are some
entrepreneurial qualities and potential difficulties you might encounter:
Vision and
Innovation: Entrepreneurs need a clear vision of what they want to achieve with
their business. In the transport industry, this could mean identifying gaps in
existing services or introducing innovative solutions to common problems, like
implementing eco-friendly technologies or optimizing routes for efficiency.
Resilience and
Determination: Starting a business is tough, and setbacks are inevitable.
Entrepreneurs must be resilient, able to bounce back from failures, and remain
determined in the face of obstacles. In the transport sector, challenges such
as fluctuating fuel prices, regulatory changes, and fierce competition can test
your resolve.
Adaptability:
The business landscape is constantly evolving, so entrepreneurs need to be
adaptable. This means being open to new ideas, willing to pivot when necessary,
and staying ahead of industry trends. In transportation, factors like shifts in
consumer behavior, advances in technology, and changes in government
regulations can all require quick adjustments.
Financial Savvy:
A sound understanding of finances is crucial for any entrepreneur. You need to
be able to manage cash flow, budget effectively, and make informed decisions
about investments and expenses. In the transport industry, high initial capital
costs for vehicles, maintenance, fuel, and insurance can strain finances, so
careful financial planning is essential.
Leadership and
Team Building: As your business grows, you'll need to build and lead a team.
Strong leadership skills are vital for motivating employees, fostering a
positive work culture, and ensuring everyone is aligned with your business
goals. In the transport sector, managing a team of drivers and support staff
while maintaining high safety standards and customer satisfaction is a
significant responsibility.
Customer Focus:
Successful entrepreneurs understand the importance of meeting customer needs
and delivering value. In transportation, this means providing reliable, safe,
and efficient services, as well as excellent customer support. Building and
maintaining strong relationships with clients can be crucial for securing
repeat business and referrals.
As for
difficulties in setting up a transport company, here are a few to consider:
Regulatory
Hurdles: The transport industry is heavily regulated, with various permits,
licenses, and compliance requirements. Navigating this regulatory landscape can
be complex and time-consuming, especially for newcomers.
Initial Capital
Investment: Starting a transport company often requires a significant upfront
investment in vehicles, equipment, insurance, and other operational expenses.
Securing financing or investment capital can be challenging, particularly if
you don't have a strong financial track record or collateral.
Market
Saturation and Competition: The transport industry can be highly competitive,
with numerous established players vying for market share. Differentiating your
services and attracting customers in a crowded market can be a major challenge.
Maintenance and
Operational Costs: Keeping your vehicles well-maintained and operational can be
costly, especially as your fleet grows. Fuel, maintenance, insurance, and other
operational expenses can eat into your profits if not managed carefully.
Driver
Recruitment and Retention: Finding skilled and reliable drivers can be
difficult, especially during periods of high demand. Retaining drivers and
ensuring they adhere to safety regulations and company policies is also an
ongoing challenge.
Technological
Disruption: The transportation industry is undergoing rapid technological
changes, such as the rise of electric and autonomous vehicles, as well as the
increasing integration of digital platforms for logistics and ride-hailing
services. Adapting to these technological shifts while staying competitive can
be daunting.
Q2. “A well developed
and maintained Transport System will lead to the growth of Tourism in India”.
Comment on the statement and support your answer with suitable examples.
Q3. Enumerate and
explain the points to consider while recruiting and selecting a driver of a
Tourist Transport Vehicle.
Q4. Explain the
concept of Costing in tourist transport business. Discuss the various forms and
types of costing.
Q5. Write short notes on any two of the following:
i) Car Rental Agencies
ii) Maintenance
facilities
iii) Indian Tourist
Transport Associate (ITTA
Q6. How can we apply
the market segmentation approaches in tourist transport operations? Explain with
the help of relevant examples.
Q7. Discuss the role
of Personal Selling in Tourist transport Business. Support your answer with
suitable examples.
Q8. Discuss the
Central Motor Vehicles Rules, 1989 with special reference to Tourist Permits.
Q9. Define Leakages.
What kind of Leakages exists in Tourist Transport Business (Road) and how can
we manage them?
Q10. Write short notes on any two of the following:
i) Role of Private
Sector in Tourist Transport Business
ii) Customer Complain
Handling in a Tourist Transport Business
iii) Managerial
Functions in a Transport Business
MTTM 14 Solved
Assignment 2024-25 : All assignments are in PDF format which would be send
on email/WhatsApp (9958676204) just after payment.
MTTM 14 Solved
Assignment 2024-25, MTTM 14 Solved Assignment 2024-25, MTTM 14 Solved Assignment
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IGNOU MTTM 14 Solved
Assignment 2024-25 :- Those students
who had successfully submitted their Assignments to their allocated study
centers can now check their Assignment Status. Alongside --assignment status,
they will also checkout their assignment marks & result. All this is often
available in a web mode. After submitting the assignment, you'll check you MTTM
14 Solved Assignment 2024-25 only after 3-4 weeks. MTTM 14 Solved Assignment 2024-25
it'd take 40 days to declare MTTM 14 Solved Assignment 2024-25
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