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?

Solutions

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

Next > < Previous

Related Solutions

Have you ever engaged in a “sharing economy” transaction (e.g., used Airbnb, Uber or Lyft)? If...

Have you ever engaged in a “sharing economy” transaction (e.g., used Airbnb, Uber or Lyft)? If “yes,” what factors influenced your decision to do so? If “no,” what factors are influencing your decision to NOT do so? The concept of a “sharing economy” (as we now know it) is a relatively new one. Describe some of the social, demographic, and technological trends and changes that have contributed to creation of this sharing economy. [NOTE: You may need to do some...

How does Airbnb create new demands? How does Airbnb create new way of supply? Give me...

How does Airbnb create new demands? How does Airbnb create new way of supply? Give me some explanations.

How to manage fixed and variable costs?

In your own words describe or define (250 words) Free Market Economics: Uber, Airbnb, & Feastly...

In your own words describe or define (250 words) Free Market Economics: Uber, Airbnb, & Feastly vs Government Regulation - Learn Liberty and The benefits and costs of US environmental laws

Write short note on Digital Disruption caused by any two- Amazon/Uber/Thomas cook/Airbnb.

What is the nature of costs in the airline industry and how can airlines manage or...

What is the nature of costs in the airline industry and how can airlines manage or reduce their costs?

- Analyze inventory costs using an example? - Generally, how does a firm manage its inventory...

- Analyze inventory costs using an example? - Generally, how does a firm manage its inventory efficiently?

What does this and *this mean in c++ And how to use them

What is dynamic Airbnb pricing? It's simply changing the price of an Airbnb unit as the...

What is dynamic Airbnb pricing? It's simply changing the price of an Airbnb unit as the supply and demand for Airbnb units in a market changes. A lot of industries do this. Demand changes for various reasons—such as seasonality and special events. Supply is changing mostly from more Airbnb units being added to the markets, meaning greater competition and less pricing power over time. Within one year, San Francisco had nearly doubled the number of Airbnb units available to guests—that’s...

how much of threat is compitation to airbnb

Subjects