.4.1 Assume that The Sneaker Shack is the only shoe cleaning service to offer the pick-up
and delivery and the same day return of shoes, will the demand curve for The Sneaker
Shack be elastic or inelastic (1 mark)? Motivate your answer by providing a specific
example. (1 mark). (2)
1.4.2 Assume Levingers launches their operation in the same areas that The Sneaker Shack
is operating in with similar services. Considering this, will the demand curve for The
Consider the pricing of The Sneaker Shack’s Classic Clean option as the basic option for cleaning shoes.
Explain what is hierarchy of events in more details
For Unilever to effectively segment the market at which it aims the Rajah range of products, customer satisfaction and an increase in profitability would be essential. Name the five prerequisites of market segmentation that would make this possible.