What costs does Uber or Airbnb have and how does it manage them? What is the...

What costs does Uber or Airbnb have and how does it manage them? What is the key to Uber’s success?

Expert Solution

There are several costs associated with service based industries like Uber and Airbnb.

Common costs for both the companies:

- App maintenance and development cost.

-Assets maintenance cost.

-Advertising cost.

-Promotions techniques.

-Cost for acquiring assets etc.

Ubers's key to success is all the strategies used by uber. First the innovative idea that fullfil a major need of people of big cities.Then the way ut increased it's market share and enter into new markets. We can see how beautifully it got transformed according to situations and bring new ideas like uber pool, uber auto and in situations like corona panademic the precautions they adpoted for the safety of customers.

For a startup to being successful there will be several reasons for its success.

jeff jeffy answered 2 years ago

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