What are the disadvantages of entering the air taxi market early?

Question

Question

business finance

Answer 1

Answer #1

The disadvantages of entering the air taxi market early are :

Lack of regulation - There is no common regulation or laws governing air taxis, as it is a nascent industry. Hence, any unexpected regulations/laws can have a serious negative impact on the business.
Safety - Any untoward incident or accident could have a damaging impact on the reputation of the business, potentially killing the business or delaying the mass-market launch of operations
High cost - The ecosystem for air taxi manufacturing is still not developed. Hence, procuring parts, streamlining the supply chain, servicing could be very costly

Answer 2

Answer #2

Lack of empowerment, low confidence, risk of loss ,few demand

source: Self knowledge

answered by: Umita pokhrel

Answer 3

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