Question

What is the business model of Uber and Ola?

a.

They own taxis and provide taxi rides

b.

They require nothing more than ideas and the use of applications

c.

They provide taxi rides but do not own any taxis

d.

None of the above

Posted under IC90 Human Resource Management

Answer: (c).They provide taxi rides but do not own any taxis Explanation:Taxi services like Uber and Ola do not own any taxis but are able to provide lakhs of taxi rides per day across several towns and countries and generate incomes of a few thousands per day to those taxi owners who are associated with them.

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Q. What is the business model of Uber and Ola?
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