Question

1. Companies like Uber, Lyft (one of Uber’s main competitors), and Airbnb (an online marketplace that enables people to lease or rent short-term lodging) are innovating in fields that traditionally have been very complex and regulated. Can Uber’s business model be applied in other industries globally?

Answer 1

Answer:

Various companies are now trying to emulate Uber's business model in other fields, from daily chores like grocery shopping and laundry to more upmarket products like legal services and even medicine so yes uber's business model could be applied in other industries.

Answer 2

Answer:

Certain parts if Uber's business model can be applied while some parts can not be used in some industries.

the aspect such as ordering online, customizing products online by the customers and delivery, along with tracking of the delivery can be used in many industries.

however, in industries that security is a primary concern, such as in banks and financial institutions and in technology heavy production industries like aircraft manufacturing, the entire business model cannot be converted in to an "online method".

Explanation: