Is the Sharing Economy a SHAM?
Interactive Video
•
Life Skills, Business, Architecture
•
11th Grade - University
•
Hard
Wayground Content
FREE Resource
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7 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What was the initial appeal of ridesharing apps like Uber and Lyft?
They were available only in major cities.
They provided drivers with health benefits.
They offered luxury vehicles.
They were cheaper and more convenient than traditional taxis.
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Why have many tech companies like Uber and Lyft not turned a profit despite high valuations?
They have a small customer base.
They spend too much on advertising.
They pay their employees too much.
They focus on market dominance over immediate profitability.
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is 'Blitz Scaling' in the context of tech companies?
A strategy to quickly become profitable.
A technique to improve customer service.
A method to expand aggressively without worrying about immediate profits.
A way to reduce operational costs.
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How have ridesharing companies like Uber shifted costs?
By making drivers pay for their own vehicles.
By reducing fuel prices.
By increasing driver wages.
By offering free rides to customers.
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a major criticism of the business model of many tech companies?
They rely on investor subsidies to offer low prices.
They have too many employees.
They focus too much on customer satisfaction.
They operate only in urban areas.
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What impact have tech companies had on traditional small businesses?
They have partnered with them for mutual benefits.
They have put pressure on them with high commissions.
They have ignored them completely.
They have helped them grow.
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What should the market ideally reward according to the transcript?
Companies that expand quickly.
Companies that have the most employees.
Companies that genuinely innovate and improve efficiency.
Companies that offer the lowest prices.
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