Answer to Question #254334 in Marketing for Lisa

Question

As market situations change, The Sneaker Shack will have to adjust their prices. Provide an example of each of the following price-adjustment strategies that The Sneaker Shack could implement or explain why a strategy would not be applicable to The Sneaker ShackVisit The Sneaker Shack website (https://thesneakershack.co.za) and analyse the site according to the seven (7) Cà ¢ € ™s of designing an effective website (1 mark each). (In your answer, provide specific examples of what you can (or canà ¢ € ™t) see on the site to analyse the site). (7)

Answer 1

The best option is segment pricing strategy. This is because By giving distinct product or service benefits to clients who want different things, this segmentation technique helps a corporation to access a wider total market. You can also increase profit margins by tailoring solutions to each customer's specific needs.