1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
dangina [55]
1 year ago
11

The negative effect of innovative ride-sharing services, such as Uber and Lyft, on traditional taxi cab companies is an example

of
Business
1 answer:
blsea [12.9K]1 year ago
3 0

Creative destruction; People have always used taxis to go around town, but now services like uber, lyft, etc. are replacing them, creating a creative destruction as the negative effect of innovative ride-sharing services.

What is creative destruction?

The process of continuous product and process innovation in which new production units replace outmoded ones is known as "creative destruction." Major areas of macroeconomic performance are affected by this restructuring process, including long-term growth, economic volatility, structural change, and the operation of factor markets. Nearly the long term, the creative destruction process is responsible for over 50% of productivity increase. Recessions cost more than upturns do when restructuring declines as it does at business cycle frequency. Inhibitors to the creative destruction process include have negative macroeconomic effects both immediately and in the future.

Learn more about creative destruction here:

brainly.com/question/26352018

#SPJ4

You might be interested in
Give the definition of ethics.​
s2008m [1.1K]

Answer:

Ethics or moral philosophy is a branch of philosophy that "involves systematizing, defending, and recommending concepts of right and wrong behavior". The field of ethics, along with aesthetics, concerns matters of value, and thus comprises the branch of philosophy called axiology.

Explanation:

3 0
3 years ago
By what percentage did​ mydeco's revenues grow each year from 2010 to​ 2013?b. by what percentage did net income grow each​ year
VladimirAG [237]

Answer:

A) I can calculate by what percentage mydeco's revenues grew from 2012 to 2016.

total revenue 2012 = $402.5 million

total revenue 2016 = $606.4 million

change in revenue = ($606.4 - $402.5) / $402.5 = $203.9 / $402.5 = 50.66%

B) net income grew by:

net income 2012 = $18.1 million

net income 2016 = $27.4 million

change in net income = ($27.4 - $18.1) / $18.1 = $9.3 / $18.1 = 51.38%

C) For the years 2012 and 2016 the net income was very similar to total revenue, but that didn't happen during 2014 and 2015 since revenues increased, but net income decreased. The problem that mydeco faced during those years was that their costs, both COGS and sales and marketing costs increased by a much larger proportion than revenue. This is specially true for sales and marketing costs that increased almost 50% (between 2012 -2015) while revenues increased only 25%. Probably the company had to invest a lot of resources to rebound their sales since they plummeted in 2013.

4 0
3 years ago
A department using the FIFO method for process costing begins the month with 10,000 units which were 70% complete at the end of
Dahasolnce [82]

Answer:

the cost per equivalent unit of production is $4.60

Explanation:

The concept of Equivalent unit of Production measures the output of a process in terms of percentage completion of inputs added into the units of outputs.

With FIFO method, we are only interested in the costs incurred in the year of production because, the costs of Opening Work in Process will in their entirety go towards the completed units

The first step is to determine the <em>Number of Equivalent units</em> as follows :

To finish Opening Work In Process (10,000 × 30%) =    3,000

Started and Completed ( 50,000 - 10,000) × 100%  = 40,000

Closing Work In process ( 5,000 × 10%)                    =      500

Total Equivalent Units                                                 = 43,500

The Next Step is to Calculate <em>Cost per Equivalent Unit</em>.

Cost per Equivalent Unit = Total Costs / Total Equivalent Units

                                         = $200,000 / 43,500

                                         = $4.60

Therefore, the cost per equivalent unit of production is $4.60

5 0
3 years ago
A team is trying to determine the best process type for producing a new product family. The product consists of a base model wit
Natali5045456 [20]

Answer:

The correct answer is the option A: Cell

Explanation:

To begin with, the name of "Cellular Manufacturing" is known in the business field for being one type of manufacturing process that can be selected among others in order to use it as the method of excellence to produce the good that the company wants to sell. Moreover, this type of process is characterized by the fact that the process involves a number of various machines that do a task in particular, called cells, that can easily change that task in order to do another one that the manufacturer will need so that implicates that this type of method is very helpfull in those companies who develop products that are intended to be changed continuously.

7 0
2 years ago
On September 12, Vander Company sold merchandise in the amount of $2,200 to Jepson Company, with credit terms of 2/10, n/30. The
Vlad1618 [11]

Answer and Explanation:

The Journal entry is shown below:-

Cash Dr, 1969.80 (2010 × 98%)

Sales discount Dr, 40.20

            To Account receivable $2,010 ($2,200 - $190)

(Being the entry is recorded)

Here we debited the cash and sales discount as it increased the assets and we credited the accounts receivable as it reduced the assets

3 0
3 years ago
Other questions:
  • How many megacities (those with 5 million or more inhabitants) were there in 1950, and how many do estimates suggest there will
    13·1 answer
  • What is the nature of Woolworths
    11·1 answer
  • A firm operated at 80% of capacity for the past year, during which fixed costs were $330,000, variable costs were 70% of sales,
    10·1 answer
  • Devon is a single man whose salary is $90,000 per year. Based on the tax
    12·1 answer
  • How much do these ikea flower pots cost individually?
    10·1 answer
  • which of the following is an example of a transnational organization? 1.a group that influence the government concerning a speci
    5·1 answer
  • G Obligations to be paid within one year or the company's operating cycle, whichever is longer, are:
    9·1 answer
  • Why is technology important?Explain.​
    11·2 answers
  • The process of measuring marketing results and adjusting the marketing plan as needed is called marketing ________.
    5·1 answer
  • following the rational rule for sellers, how does output for a seller who has market power compare to output for a seller who do
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!