If substitute products have been identified and there is a threat of easy switching between a companyâs product and the substitute, then a company can act preemptively and try to bring over customers over to their product.
The âSaving Electricityâ website reports that the average dryer uses 3.3 kilowatt hours of energy and estimates an average of 11 cents per kilowatt hour. A small load of clothes takes about 45 minutes in the dryer, so the cost of that load is $0.36.he dryers in my building just went up to $2.00 for 60 minutes (which doesnât get a large load fully dry). I use drying racks for 3 out of 4 loads, so I save about $12-16 a month. Plus, my clothes retain their shape and colour so much better.
When washing clothing at home, consumers pay about 36 cents for the energy to run the washing machine for one load of laundry, 40 cents for energy for the dryer and 11 cents for water. The estimate does not include cleaning products or equipment costs. The average cost of a washing machine is about $700. It has a lifespan of about nine and a half years, assuming that one load of clothing is washed per day. A dryer costs about $600 and lasts about 11 years. Based on the savings by washing at home versus at a laundromat, it takes about 610 loads of laundry to recoup the cost of purchasing a washer and dryer.