2.02 Lemonade Stand Game

2.02 Lemonade Stand Gamehttp://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:o Inventory/Purchasing supplieso Pricingo 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

• 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

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

• 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

A+

Assignment