Opening an Office Cleaning Business: Pricing Strategy

What is the best way to set prices for an office cleaning business?

Given the competitor's pricing of $35 per hour plus a $42 cleaning supply fee.

Answer:

The inequality for Suzette's charges, S, to be at most that of her competitor's charges, based on the competitor's fee of $35 per hour plus a $42 supply fee, is S ≤ 42 + 35x.

Setting prices for an office cleaning business involves considering both the hourly rate and any additional supply fees. In this case, if the competitor charges $35 per hour and adds a $42 cleaning supply fee, we can represent the pricing strategy using an inequality.

Let x represent the number of hours worked. The competitor's total charge, C, would be C = 42 + 35x. To ensure Suzette's charges are at most that of her competitor's, her charges S must satisfy the inequality S ≤ 42 + 35x. This means that Suzette's charges should not exceed the competitor's charges based on the hourly rate and supply fee.

← Call options and put options understanding payoffs in options trading Intellectual property laws and trade secrets →