Answer to Question #255922 in Marketing for koketso

Question

Consider the pricing of The Sneaker Shack’s Classic Clean option as the basic option for cleaning shoes. 

Answer 1

Pricing strategies assist the business in gaining market share and gaining a competitive edge. Pricing techniques fluctuate from one firm to the next and alter as the economy changes. The pricing tactics at Sneakers Shack Laundry are determined by the cleaning quality selected by the consumer. On top of that, the firm offers specials and discounts on its cleaning services. The shoes are generally cleaned, mended, and returned within 48 hours; however, if the client requests services in less than 48 hours, an extra fee of R70 will be charged.