Question

Uber's business model has revolutionized the transportation industry, offering convenience and cost-effectiveness to consumers.

a) True
b) False

Answer 1

Uber's business model has revolutionized the transportation industry by offering convenience and cost-effectiveness to consumers.

Step-by-step explanation:

The statement is true. Uber's business model has indeed revolutionized the transportation industry by offering convenience and cost-effectiveness to consumers.

Uber introduced the concept of ridesharing, which allows individuals to use their own personal vehicles as taxis through a mobile app. This disrupted the traditional taxi industry by providing an alternative service that is often cheaper and more convenient for consumers.

Furthermore, Uber's technology-driven approach, including GPS tracking, cashless payment, and driver ratings, has enhanced the overall customer experience and increased trust and safety within the industry.