Uber Collects Data on Its Drivers That Include Demand, Ratings

question 14

Multiple Choice

Uber collects data on its drivers that include demand, ratings, traffic, and acceptable shifts to determine whether drivers are undesirable. This is a form of ______.

• A) algorithmic management
• B) data management
• C) capital management
• D) platform management

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Definitions:

Differentiated Product

A product that is distinct from similar products offered by competitors due to unique features, branding, or quality.

Oligopoly

A market structure characterized by a small number of firms controlling a significant portion of the market share, leading to limited competition and often collaborative behavior.

Conditions of Entry

The factors that determine the ease or difficulty with which new firms can enter an industry and compete with existing firms.

Pure Competition

A market structure characterized by a large number of small firms, a homogeneous product, and very easy entry and exit conditions, leading to price-taking behavior.