Consider a ride-sharing service such as Uber or Lyft. What are some of the major cost...
Consider a ride-sharing service such as Uber or Lyft. What are some of the major cost categories? Are they mostly fixed or mostly variable costs? How are the costs different from those incurred by the drivers?
Homework Answers
Answer to question 1 : The major cost Categories of a ride-sharing service are Driver's salary, android app development cost, app development cost, mobile app development cost and ride sharing app development cost .Salary to driver is variable and all other cost are mostly fixed.
Answer to question 2: The main cost incurred by drivers are for fuel consumption , maintenance and other costs related to various license and compliance. Ride service companies need not incur such expense.
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