How to form an effective pricing strategy

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      Anonymous
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      One of the most powerful aspects of taxi booking applications is its convincing pricing strategies. It is a known method by most that taxi services usually increase their fares on the basis of the demand, the more they’re needed the more the fare is going to be. The efflux in pricing helps the company generate greater revenues and their drivers to earn more than usual as well. Uber like app development requires a strategic formula to look after its customers, their drivers, and their own personal requirements and needs. Usually, the fares are charged automatically on the basis of miles, the pricing algorithm encourages drivers to work effectively especially when they’re most needed. Do you think there are any other factors that can be added to the pricing strategy?

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