Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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In Southeast Asia, Grab, the Singapore-based ride-hailing company, forced Uber out of the region in 2018 and acquired its local operations. A few months later, it expanded its app to offer its 130 million users not only food delivery and travel booking, but also financial and other services. These efforts helped Grab hit $1 billion in revenue in 2018 and attract more than $3 billion in fresh funding to expand. Later this year, it’ll add healthcare services from Ping An, the Chinese digital health giant. To Uber, Grab is a typical example of _________. *
bargaining power of suppliers to the industry
threat of substitute products or services
rivalry among companies competing in the industry
threat of new entrants to the industry
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