Suppose You Start a New Business to Compete with Uber

question 25

Multiple Choice

Suppose you start a new business to compete with Uber. You design an easy-to-use app and arrange for drivers to get paid a percentage for each ride. This is an example of a ____.

• A) cross-functional team
• B) functional chimney
• C) matrix structure
• D) network structure
• E) strategic alliance

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Definitions:

Producer Surplus

Producer surplus is the difference between the amount that a producer is paid for a good and the minimum amount they would be willing to accept for that good, essentially representing the profit made by the producer.

Trade

The exchange of goods, services, or both between two or more parties, either within a country or internationally.

Coffee

A beverage made from roasted and ground beans of the Coffea plant, consumed globally for its stimulating effect.

Exporter

An individual or company that sells goods or services to another country.