Opening an Office Cleaning Business: Setting Competitive Rates
What pricing strategy should Suzette use to compete with her rival in the office cleaning industry?
Suzette is opening an office cleaning business. Her competitor charges $35 per hour plus a $42 cleaning supply fee. Which inequality in two variables could be used to represent where Suzette's charges would be at most that of her competitor's charges?
Answer:
To represent where Suzette's charges would be at most that of her competitor's charges, we need to find an inequality. We can use the inequality S ≤ C, where S represents Suzette's charges per hour and C represents the competitor's charges per hour.
Setting competitive rates is essential for Suzette's office cleaning business to thrive in the industry. By analyzing her competitor's pricing strategy, Suzette can determine the best approach to attract customers while maximizing profits.
In this case, Suzette's competitor charges $35 per hour plus a $42 cleaning supply fee. This means that the competitor's total charges per hour can be expressed as C = $35 + $42 = $77. To ensure that Suzette's charges are at most that of her competitor, we can use the inequality S ≤ C.
By setting Suzette's charges per hour to be less than or equal to her competitor's charges per hour, she can offer a competitive rate that is attractive to customers while maintaining profitability. This pricing strategy will help Suzette position her business effectively in the market and stand out among competitors.
Ultimately, by strategically setting her pricing model based on this inequality, Suzette can carve out a successful niche for her office cleaning business and establish herself as a top choice in the industry.