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DIRECTIONS for the question: Identify the most appropriate summary for the paragraph.Uber fits neatly into the mythology of the tech industry, which portrays itself as surfing one of the waves of "creative destruction" through which capitalism periodically renews itself. In this narrative, industrial progress involves a good deal of destruction in order to make way for new, creative, wealth-creating industries. The abolition of old timers such as licensed taxi cabs, travel agents and bookshops etc is merely the collateral damage of an essentially benign process " regrettable but necessary casualties of innovation. You dont have to be much of a sceptic to spot that this is self-serving cant. Far from being a radical innovation, Uber is a classic example of something as old as the internet itself, namely our old friend disintermediation. The idea is to find a business in which the need of buyers to find sellers (and vice versa) has traditionally been handled by an intermediary, and then use networking technology to eliminate said middle man. It happened a very long time ago to travel agents and bookshops. Now its happening to taxi firms. If this is technological innovation, then its a pretty low-IQ manifestation of it.a)Companies such as Uber only bring bluster to the table and very little in terms of actual deliverablesb)Economics still runs on the same tenets, with newbie companys claim to fame being re-hashed versions of essentially age-old established business modelsc)Businesses undergo periodic cycles of rejuvenation and claiming this to be ones success only amounts to empty blusterd)Businesses, which essentially have a technique that is already well-established in the current age, do not have the claim to fame as touted by someCorrect answer is option 'D'. Can you explain this answer? for CAT 2025 is part of CAT preparation. The Question and answers have been prepared according to the CAT exam syllabus. Information about DIRECTIONS for the question: Identify the most appropriate summary for the paragraph.Uber fits neatly into the mythology of the tech industry, which portrays itself as surfing one of the waves of "creative destruction" through which capitalism periodically renews itself. In this narrative, industrial progress involves a good deal of destruction in order to make way for new, creative, wealth-creating industries. The abolition of old timers such as licensed taxi cabs, travel agents and bookshops etc is merely the collateral damage of an essentially benign process " regrettable but necessary casualties of innovation. You dont have to be much of a sceptic to spot that this is self-serving cant. Far from being a radical innovation, Uber is a classic example of something as old as the internet itself, namely our old friend disintermediation. The idea is to find a business in which the need of buyers to find sellers (and vice versa) has traditionally been handled by an intermediary, and then use networking technology to eliminate said middle man. It happened a very long time ago to travel agents and bookshops. Now its happening to taxi firms. If this is technological innovation, then its a pretty low-IQ manifestation of it.a)Companies such as Uber only bring bluster to the table and very little in terms of actual deliverablesb)Economics still runs on the same tenets, with newbie companys claim to fame being re-hashed versions of essentially age-old established business modelsc)Businesses undergo periodic cycles of rejuvenation and claiming this to be ones success only amounts to empty blusterd)Businesses, which essentially have a technique that is already well-established in the current age, do not have the claim to fame as touted by someCorrect answer is option 'D'. Can you explain this answer? covers all topics & solutions for CAT 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for DIRECTIONS for the question: Identify the most appropriate summary for the paragraph.Uber fits neatly into the mythology of the tech industry, which portrays itself as surfing one of the waves of "creative destruction" through which capitalism periodically renews itself. In this narrative, industrial progress involves a good deal of destruction in order to make way for new, creative, wealth-creating industries. The abolition of old timers such as licensed taxi cabs, travel agents and bookshops etc is merely the collateral damage of an essentially benign process " regrettable but necessary casualties of innovation. You dont have to be much of a sceptic to spot that this is self-serving cant. Far from being a radical innovation, Uber is a classic example of something as old as the internet itself, namely our old friend disintermediation. The idea is to find a business in which the need of buyers to find sellers (and vice versa) has traditionally been handled by an intermediary, and then use networking technology to eliminate said middle man. It happened a very long time ago to travel agents and bookshops. Now its happening to taxi firms. If this is technological innovation, then its a pretty low-IQ manifestation of it.a)Companies such as Uber only bring bluster to the table and very little in terms of actual deliverablesb)Economics still runs on the same tenets, with newbie companys claim to fame being re-hashed versions of essentially age-old established business modelsc)Businesses undergo periodic cycles of rejuvenation and claiming this to be ones success only amounts to empty blusterd)Businesses, which essentially have a technique that is already well-established in the current age, do not have the claim to fame as touted by someCorrect answer is option 'D'. Can you explain this answer?.

Solutions for DIRECTIONS for the question: Identify the most appropriate summary for the paragraph.Uber fits neatly into the mythology of the tech industry, which portrays itself as surfing one of the waves of "creative destruction" through which capitalism periodically renews itself. In this narrative, industrial progress involves a good deal of destruction in order to make way for new, creative, wealth-creating industries. The abolition of old timers such as licensed taxi cabs, travel agents and bookshops etc is merely the collateral damage of an essentially benign process " regrettable but necessary casualties of innovation. You dont have to be much of a sceptic to spot that this is self-serving cant. Far from being a radical innovation, Uber is a classic example of something as old as the internet itself, namely our old friend disintermediation. The idea is to find a business in which the need of buyers to find sellers (and vice versa) has traditionally been handled by an intermediary, and then use networking technology to eliminate said middle man. It happened a very long time ago to travel agents and bookshops. Now its happening to taxi firms. If this is technological innovation, then its a pretty low-IQ manifestation of it.a)Companies such as Uber only bring bluster to the table and very little in terms of actual deliverablesb)Economics still runs on the same tenets, with newbie companys claim to fame being re-hashed versions of essentially age-old established business modelsc)Businesses undergo periodic cycles of rejuvenation and claiming this to be ones success only amounts to empty blusterd)Businesses, which essentially have a technique that is already well-established in the current age, do not have the claim to fame as touted by someCorrect answer is option 'D'. Can you explain this answer? in English & in Hindi are available as part of our courses for CAT. Download more important topics, notes, lectures and mock test series for CAT Exam by signing up for free.

Here you can find the meaning of DIRECTIONS for the question: Identify the most appropriate summary for the paragraph.Uber fits neatly into the mythology of the tech industry, which portrays itself as surfing one of the waves of "creative destruction" through which capitalism periodically renews itself. In this narrative, industrial progress involves a good deal of destruction in order to make way for new, creative, wealth-creating industries. The abolition of old timers such as licensed taxi cabs, travel agents and bookshops etc is merely the collateral damage of an essentially benign process " regrettable but necessary casualties of innovation. You dont have to be much of a sceptic to spot that this is self-serving cant. Far from being a radical innovation, Uber is a classic example of something as old as the internet itself, namely our old friend disintermediation. The idea is to find a business in which the need of buyers to find sellers (and vice versa) has traditionally been handled by an intermediary, and then use networking technology to eliminate said middle man. It happened a very long time ago to travel agents and bookshops. Now its happening to taxi firms. If this is technological innovation, then its a pretty low-IQ manifestation of it.a)Companies such as Uber only bring bluster to the table and very little in terms of actual deliverablesb)Economics still runs on the same tenets, with newbie companys claim to fame being re-hashed versions of essentially age-old established business modelsc)Businesses undergo periodic cycles of rejuvenation and claiming this to be ones success only amounts to empty blusterd)Businesses, which essentially have a technique that is already well-established in the current age, do not have the claim to fame as touted by someCorrect answer is option 'D'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of DIRECTIONS for the question: Identify the most appropriate summary for the paragraph.Uber fits neatly into the mythology of the tech industry, which portrays itself as surfing one of the waves of "creative destruction" through which capitalism periodically renews itself. In this narrative, industrial progress involves a good deal of destruction in order to make way for new, creative, wealth-creating industries. The abolition of old timers such as licensed taxi cabs, travel agents and bookshops etc is merely the collateral damage of an essentially benign process " regrettable but necessary casualties of innovation. You dont have to be much of a sceptic to spot that this is self-serving cant. Far from being a radical innovation, Uber is a classic example of something as old as the internet itself, namely our old friend disintermediation. The idea is to find a business in which the need of buyers to find sellers (and vice versa) has traditionally been handled by an intermediary, and then use networking technology to eliminate said middle man. It happened a very long time ago to travel agents and bookshops. Now its happening to taxi firms. If this is technological innovation, then its a pretty low-IQ manifestation of it.a)Companies such as Uber only bring bluster to the table and very little in terms of actual deliverablesb)Economics still runs on the same tenets, with newbie companys claim to fame being re-hashed versions of essentially age-old established business modelsc)Businesses undergo periodic cycles of rejuvenation and claiming this to be ones success only amounts to empty blusterd)Businesses, which essentially have a technique that is already well-established in the current age, do not have the claim to fame as touted by someCorrect answer is option 'D'. Can you explain this answer?, a detailed solution for DIRECTIONS for the question: Identify the most appropriate summary for the paragraph.Uber fits neatly into the mythology of the tech industry, which portrays itself as surfing one of the waves of "creative destruction" through which capitalism periodically renews itself. In this narrative, industrial progress involves a good deal of destruction in order to make way for new, creative, wealth-creating industries. The abolition of old timers such as licensed taxi cabs, travel agents and bookshops etc is merely the collateral damage of an essentially benign process " regrettable but necessary casualties of innovation. You dont have to be much of a sceptic to spot that this is self-serving cant. Far from being a radical innovation, Uber is a classic example of something as old as the internet itself, namely our old friend disintermediation. The idea is to find a business in which the need of buyers to find sellers (and vice versa) has traditionally been handled by an intermediary, and then use networking technology to eliminate said middle man. It happened a very long time ago to travel agents and bookshops. Now its happening to taxi firms. If this is technological innovation, then its a pretty low-IQ manifestation of it.a)Companies such as Uber only bring bluster to the table and very little in terms of actual deliverablesb)Economics still runs on the same tenets, with newbie companys claim to fame being re-hashed versions of essentially age-old established business modelsc)Businesses undergo periodic cycles of rejuvenation and claiming this to be ones success only amounts to empty blusterd)Businesses, which essentially have a technique that is already well-established in the current age, do not have the claim to fame as touted by someCorrect answer is option 'D'. Can you explain this answer? has been provided alongside types of DIRECTIONS for the question: Identify the most appropriate summary for the paragraph.Uber fits neatly into the mythology of the tech industry, which portrays itself as surfing one of the waves of "creative destruction" through which capitalism periodically renews itself. In this narrative, industrial progress involves a good deal of destruction in order to make way for new, creative, wealth-creating industries. The abolition of old timers such as licensed taxi cabs, travel agents and bookshops etc is merely the collateral damage of an essentially benign process " regrettable but necessary casualties of innovation. You dont have to be much of a sceptic to spot that this is self-serving cant. Far from being a radical innovation, Uber is a classic example of something as old as the internet itself, namely our old friend disintermediation. The idea is to find a business in which the need of buyers to find sellers (and vice versa) has traditionally been handled by an intermediary, and then use networking technology to eliminate said middle man. It happened a very long time ago to travel agents and bookshops. Now its happening to taxi firms. If this is technological innovation, then its a pretty low-IQ manifestation of it.a)Companies such as Uber only bring bluster to the table and very little in terms of actual deliverablesb)Economics still runs on the same tenets, with newbie companys claim to fame being re-hashed versions of essentially age-old established business modelsc)Businesses undergo periodic cycles of rejuvenation and claiming this to be ones success only amounts to empty blusterd)Businesses, which essentially have a technique that is already well-established in the current age, do not have the claim to fame as touted by someCorrect answer is option 'D'. Can you explain this answer? theory, EduRev gives you an ample number of questions to practice DIRECTIONS for the question: Identify the most appropriate summary for the paragraph.Uber fits neatly into the mythology of the tech industry, which portrays itself as surfing one of the waves of "creative destruction" through which capitalism periodically renews itself. In this narrative, industrial progress involves a good deal of destruction in order to make way for new, creative, wealth-creating industries. The abolition of old timers such as licensed taxi cabs, travel agents and bookshops etc is merely the collateral damage of an essentially benign process " regrettable but necessary casualties of innovation. You dont have to be much of a sceptic to spot that this is self-serving cant. Far from being a radical innovation, Uber is a classic example of something as old as the internet itself, namely our old friend disintermediation. The idea is to find a business in which the need of buyers to find sellers (and vice versa) has traditionally been handled by an intermediary, and then use networking technology to eliminate said middle man. It happened a very long time ago to travel agents and bookshops. Now its happening to taxi firms. If this is technological innovation, then its a pretty low-IQ manifestation of it.a)Companies such as Uber only bring bluster to the table and very little in terms of actual deliverablesb)Economics still runs on the same tenets, with newbie companys claim to fame being re-hashed versions of essentially age-old established business modelsc)Businesses undergo periodic cycles of rejuvenation and claiming this to be ones success only amounts to empty blusterd)Businesses, which essentially have a technique that is already well-established in the current age, do not have the claim to fame as touted by someCorrect answer is option 'D'. 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