Answer to Question #258274 in Marketing for koketso

Question

1.1. Consider the pricing of The Sneaker Shack’s Classic Clean option as the basic option for cleaning shoes. 1.1.1 Identify whether a ceiling price or floor price is used for this cleaning option. (1) 1.1.2 Motivate your answer in 1.1.1.

Answer 1

Other shoe Companies usually charge about $35 for a “basic cleaning” and more for other more comprehensive services; Other Peoples Kicks, a, Calif. -based cleaner Moreno Valley, charges $150 for sneakers. This shows that Sneakers charges are moderate