Taxi apps may cause fares to drop as competition increases

The video discusses the intense competition among taxi apps, particularly during the Christmas period, with companies like Uber and others slashing prices to gain market share. Some apps are offering significant discounts, subsidizing fares to attract users. The video also highlights the expansion of these apps in the UK, despite protests and bans in other parts of Europe. It touches on the responses from minicab operators and the perspectives of cab drivers, who are adapting to technological changes. Additionally, the video mentions claims of dirty tactics among competitors, such as fake bookings, and debates the effectiveness of price cuts versus other strategies.

What strategy is one taxi app using to attract customers during the Christmas period?

• Offering free rides

• Subsidizing fares

• Providing loyalty points

• Launching a new app feature

How have some minicab operators responded to the competition from taxi apps?

• By increasing their prices

• By offering free snacks

• By slashing their prices

• By introducing new car models

What is the perspective of some cab drivers regarding the competition among taxi apps?

• They are protesting against the apps

• They are planning to join the competition

• They are indifferent as long as their income is stable

• They are worried about losing customers

What does the boss of Halo believe is not the way to win the competition among taxi apps?

• Improving customer service

• Cutting prices

• Expanding to new cities

• Offering loyalty programs

What tactic have some multinational firms been accused of using in the taxi app market?

• Providing discounts

• Making fake bookings

• Offering free rides

• Launching new apps