Quick service is a successful home repair company. It provides quick, reliable repair services to homes. It was established 5 years ago and has been expanding rapidly. In the last 2 years, it has opened offices in 3 new cities.
Because of its rapid growth, it has to hire many new employees. In the last 6 months, it has hired 50 new employees. The total number of the employees in the company is now over 500. And the number of the customers has increased to more than 5000.
The company has also improved its business model. Instead of offering only repair services, it can now help customers upgrade their appliances. QuickService does this by giving a choice. Customers can choose repair an appliance or upgrade it by buying a new one. If they choose to buy a new one, they will get a discounted price. So a customer can either repair a broken refrigerator for a small fee or buy a new one.
If they buy a new one, they will get a discounted price, along with free installation. This is possible because several appliance manufactures have agreed to give QuickService big discounts. QuickService then installs the new appliance and remove the old one. Feedback from customers has been positive.
A high percentage of customers have taken advantages of this new service. As a result, QuickService has developed a great reputation. Its dedication to the high quality service has proven to be successful. Its word-of-mouth approach to advertising has been cost effective. The appliance manufactures have also been happy with the results. Their growing relationship with QuickService has helped increase their sales.
The world’s population is growing. There are over 7 billion people in the world. During the 20th century, the population grew from 1.65 billion to 6 billion. It’s now going at a rate of around 1.1% per year. That means an increase is about 80 million per year. By 2024 the population is expected to be around 8 billion people.
The growth rate used to be higher. In the late 1960s, the rate of growth was about 2%. Since then the growth rate has declined. It is estimated that the growth rate will be even less than 1% by 2020. By the year 2050 the growth rate should be even less.
Even with a declining growth rate, the population will continue to grow. But it will grow at a slower rate. In the pass 15 years, the world’s population has more than doubled. It has doubled from around 3 billion in 1960 to more than 7 billion in 2011.
The rate of growth varies by country. The growth rate in India is more than twice than that of china. And the growth rate in Nigeria, which is Africa, is more than twice than India’s growth rate. Russia, one the other hand, has had a negative growth rate in some years. When the country has a negative growth rate, its population is decreasing.