Here is a business English lesson so you can learn and practice key vocabulary related to business topics.
In this lesson you will learn how the ride-sharing company Uber increases its prices according to demand.
This lesson is real business English and is taken from the news source CNN.
The New Year had just started when Uber users noticed that fare prices for Uber rides had increased greatly.
Many people complained that it was price gouging. This is when companies deliberately take advantage of consumers and increase fees and charges with no explanation.
Social media started to light up with complaints and people took out their anger towards Uber on Twitter and Facebook.
Uber has since gone on to be one of the biggest transport companies in the world. It is also one of the most controversial.
The traditional taxi industry in many companies is almost dead thanks to companies like Uber. The sector has been decimated by a company that offers a more transparent and better ride service
What’s your opinion on companies like Uber? Do you have Uber in your country? Have you used it?
Let us know your view.
Here is another lesson for you to look at.
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