12 Aug 2022

45

Uber's Annual Report Shows Huge Losses, But Promises Growth

Format: APA

Academic level: College

Paper type: Research Paper

Words: 357

Pages: 1

Downloads: 0

Uber is a global transportation technology platform that was developed and marketed using smartphone applications. The establishment of this company in the contemporary world revolutionized the transport system and eased movement of people and goods from one place to another. In this application, a client requests a ride and a nearby driver accepts the request after which the app displays the estimated time of arrival and the Uber driver heading to the location. It is imperative to note that the fare is automatically calculated and charged to the payment method that has been linked to the Uber account. Uber has extended its services to most parts of the world and has maintained a top position in the transport sector. 

How does this Affect Sales 

Uber’s failure to suspend and investigate most of its cases associated with drunk driving has adversely affected its sales ( Schneider, 2017 ). Many Uber drivers have been reported to be intoxicated when on duty and as such, they tend to swerve off the road and in some cases cause accidents that may injure passengers. As a result of the increase in these cases, many clients have resorted to use other taxi services that may pose less risk to their lives. Consequently, this has led to a decline in the revenue of the company as a result of a decline in the consumer market. State regulators have charged the company with an enforcement action, which may attract a fine of $1.13 million. The Public utility commission that is in charge of consumer protection noted that Uber has violated the zero tolerance rule of drunk-driving. This has led to a significant drop in the sales of the company as it tries to expand to new demographics. 

It’s time to jumpstart your paper!

Delegate your assignment to our experts and they will do the rest.

Get custom essay

Media Planning Strategies 

Uber evaluates a medium’s ability to reach target markets by evaluating the demographics, lifestyle preferences, psychographics and other key factors. Media research is utilized in line with key industry trends so that an appropriate marketing strategy is developed ( Neckermann, 2015 ). Uber has access to cutting edge media technology that enables it to implement new media and use advanced online social platforms such as twitter and Facebook to drive media efficiencies and elevate sales. Client marketing is also used as an effective initiative of meeting market needs in specific locations. 

References  

Neckermann, L. (2015).  The mobility revolution: Zero emissions, zero accidents, zero ownership

Schneider, H. (2017).  Uber: Innovation in society

Illustration
Cite this page

Select style:

Reference

StudyBounty. (2023, September 16). Uber's Annual Report Shows Huge Losses, But Promises Growth.
https://studybounty.com/ubers-annual-report-shows-huge-losses-but-promises-growth-research-paper

illustration

Related essays

We post free essay examples for college on a regular basis. Stay in the know!

What Makes an Effective Executive?

Contrary to popular opinion that all executives are leaders, Peter Drucker presents a different view pointing out that not all executives are leaders, but most of the executives are only made effective through eight...

Words: 705

Pages: 2

Views: 418

Student Satisfaction in Higher Education

Advanced educational institutions are perpetually keen on the improvement of instruments that empower them to assess and deal with the desires of their students with the reason for drawing in and keeping them...

Words: 1336

Pages: 5

Views: 125

Importance of friends in an individual’s life

Friends are seen as vital components of an individual’s life because they come to the rescue when one is in a crisis by providing emotional and physical support. The relationships made between lovers, friends, and...

Words: 580

Pages: 2

Views: 62

Regulatory and Imaginative Functions of Language

I use the regulatory and imaginative functions of language mostly when I am at home. The regulatory function applies when I am asking someone to do something. For instance, statements such as; pass the salt, turn on...

Words: 258

Pages: 1

Views: 156

Quality Journalism Ridiculed as Fake News

All Fourth estate institutions have a level of biasness when it comes to different stories that are disseminated to the public domain: this level of bias dictates whether a media house will take a conservative or...

Words: 1346

Pages: 5

Views: 412

Mean Girls: The Movie That Defined a Generation

The Victorian era saw the start of feminism that would proliferate in the 1970s. Feminists were fed-up with the continued gender discriminations that depicted them as inferior to their male colleagues (Han, 2017)....

Words: 1508

Pages: 5

Views: 156

illustration

Running out of time?

Entrust your assignment to proficient writers and receive TOP-quality paper before the deadline is over.

Illustration