Increasing globalization of the ride-share industry can be a driving force because
A)the services provided by foreign ride-share competitors are nearly always cheaper or of better quality than those of domestic companies.
B)foreign ride-share operators typically have lower costs, more technological expertise, and greater social network integration capabilities than domestic firms.
C)ride-share companies need to spread their operating reach into more and more country markets to meet emerging consumer demand and take advantage of available operating opportunities.
D)it results in ride-share companies having fewer competitors and a strategic group map with fewer circles.
E)market growth rates rise, product innovation accelerates, and new ride-share startups are increasingly likely to enter the industry.

Question

Quizplus · Accepted Answer

Increasing globalization allows ride-share companies to expand their reach, meet consumer demand in multiple countries, and take advantage of new operating opportunities. This can lead to increased market growth rates and the potential for new startups to enter the industry. Foreign ride-share operators may also have lower costs and greater technological expertise, which can provide a competitive advantage. However, it is not always the case that foreign competitors are cheaper or of better quality, so option A is not the best choice. Option B may be true in some cases, but it does not fully capture the benefits of globalization for the ride-share industry. Option D is not accurate as globalization can result in more competitors, not fewer.

Increasing Globalization of the Ride-Share Industry Can Be a Driving