2.02 Lemonade Stand Game http://lemonadestandgame.com
Lemonade Stand Game • Your goal in this game is to make as much money as you can within 30 days. • You will have complete control over almost every part of your business: • Inventory/Purchasing supplies • Pricing • Quality Control • Unfortunately, the weather will play a big part when customers are deciding whether or not to buy your product.
Purchasing Supplies Buy additional supplies
Pricing for the Weather • Other factors which will make or break your business is the price you charge. • Customers are more apt to pay higher prices when the product (your lemonade) is more in demand - When the weather is hotter. • As the temperature drops, and the weather turns bad (overcast, cloudy, rain), don't expect them to pay nearly what they would on a hot, hazy day.
Pricing for the Weather Price Per Cup
Quality Control Are you creating a quality product?
Customer Satisfaction • Will Customers like your Product? • Maintain quality control. • Word of Mouth • Customers will soon spread the word to friends. • Sell a good product for a good price, and you'll build business over time. • Don’t overcharge for inferior products.
Customer Satisfaction • You'll see some customers tell you what they think by the bubbles over their heads. If customers are enjoying their product, others are more likely to buy. • If customers are expressing their dissatisfaction, other customers are more likely to take their business elsewhere.
Customer Satisfaction Customer Satisfaction Popularity
Assignment A+ • Record sales information for one month (30 days) on chart provided • Prepare a PowerPoint presentation of your information and analysis • Use charts & graphs to show monthly info • Incorporate animation, pictures and sounds to make the presentation interesting