Describe the general industry for UBER and the marketdomain of the business oppo
ID: 434320 • Letter: D
Question
Describe the general industry for UBER and the marketdomain of the business opportunityor company. In doing this, here are some directions to guide your answer Describe the purpose of UBER, its reason for existence in the marketplace, and othergeneral information about the organization, operations, marketing, finance, and technology. Discuss some of the key factors of the market domain that you discovered in yourresearch that affect UBER Discuss briefly how these factors affect the marketplace and impact your companythese key factors should represent a variety of factors and not just one source, sudh as technologyor changes in supply of natural resources)Explanation / Answer
Answer:
UBER Industry: This is the travel industry engaged in providing the travel services to the customers by hiring the travel agents/parties at regional locations. This is a global industry operates in most of the world locations.
Market domain for UBER: UBER is providing the travel services in the world market. UBER has captured most of the major cities in the world market and operating their services in these locations. The market captured by UBER is the major cities in the world market, where travel requirementsare high and the demand for travel arrangementsare highly needed for the people.
Purpose of UBER is to earn the revnue for the organization by providing the travel services to the people and explore the available demand in the world market for local travel requirements.
Reason for existnace in the global market is basically due to the demand of the local travel in the major cities. People are travelling in major cities due to their various works, that creates the demand for local travel requirements.
UBER has organized various travel parties or vendors who can support the local travel services in the local region and develop a great team who can supports the tarvel servicesin the global world market.
UBER has used IT based technology system which helps in managing the tarvel service business with customer and travel agents and accordingly the travel requests are executed by UBER team.
Following key market factors that affects the UBER are as below
Quick service in the market.
Pricing for the services.
Reliability of UBER in market.
On time service in the market.
Quick response of the travel requests.
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