LEMONADE STAND GAME
Good news! You will be starting your own lemonade stand. Please
go to http://coolmath-games.com/lemonade/.
STEP ONE: Purchase your supplies
Price
Quantity Purchased
Price/Quantity
Cups
Lemons
Cups of Sugar
Ice Cubes
What are the advantages to buying in bulk? Are there any disadvantages? Give
examples.
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STEP TWO: Choose your Price/Quality Control
Price per cup = _________________________
Quantity
Lemons Per Pitcher
Sugar Per Pitcher
Ice Per Cup
Calculate your price per pitcher remember 10 cups = 1 pitcher
Quantity per pitcher x Cost
AC per pitcher
average cost/cup: =
price/quantity
average cost/lemon: =
price/quantity
average cost/cup of sugar
= price/quantity
average cost/ice cube =
price/quantity
Average Cost per cup of lemonade on day 1= AC per pitcher/10
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STEP FOUR: Follow the directions and answer the questions.
1. After you have bought your supplies on the first day how much money do you
have left?
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2. What was your Total Cost going into day 1? ________________
3. What was your Total Revenue (P X Q) for day 1? _______________
4. What was your Total Profit for day 1(TR-TC)? _______________
5. What was your popularity percentage after day 1? __________
6. What was your customer satisfaction percentage after day 1? ____________
7. What determinants of demand are functioning in your lemonade market?
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8. Going into day two what changes are you going to make if any?
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Continue to play the game until day 15
Stop at day 15 answer questions
9. What trends have you found in the market so far?
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10. What is your strategy?
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11. What is your total profit on day 15 (remember you started with 20.00)?
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12. How are you forced to spend your revenue? ________________
Continue to play the game until day 30
Stop at day 30 answer questions
13.
What was your total profit? _________________
14.
What would you have done differently?
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15.
Was there ever a time when you sold out of lemonade before the day was over?
Why?
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18.
What is more important, in this business a low price or a good product? Why?
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