An Evolving Strategy for a Ride-Share Business Like Uber or Lyft

question 44

Multiple Choice

An evolving strategy for a ride-share business like Uber or Lyft is not likely to be triggered by

• A)their need to keep strategy in step with changing circumstances, market conditions, and changing customer needs and expectations.
• B)the proactive efforts of their managers to fine-tune and improve one or more pieces of the strategy.
• C)their need to abandon some strategy features that have been faltering or are no longer working well.
• D)their need to respond to the newly initiated actions and competitive moves of manufacturers of autonomous vehicles.
• E)their need to respond to short-term swings in the stock market that impact timing of an initial public offering (IPO).

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Definitions:

Negative Stimulus

An unfavorable event or situation that elicits a response or reaction, often used in conditioning and behavioral studies.

Piece Rate Pay

A compensation system where employees are paid based on the amount of work completed, not on the amount of time worked.

Hourly Pay

A method of compensation where employees are paid for each hour of work performed, commonly used for part-time or temporary positions.

Safe Working Practices

Guidelines and procedures designed to reduce the risk of accident or injury in the workplace.