Wednesday, May 1, 2013

Lemonade Stand Blog

After playing the lemonade stand game i ended up making a larger profit of $100 which was the goal. My net profit was decent and my production cost per cup of lemonade was 14 cents per cup. At 14 cents per cup i could make anywhere from 2 to 22 cents per cup depending upon the weather. Buying an excess of perishable goods would aften hurt the ammount of money you made. The ice would often melt, the lemons would aften spoil, and the sugar would get bugs in it. So buying the right ammount helped you save money because nothing was wasted. For example, if you bought 500 ice cubes and used 250 you would waste half of them because the rest would melt. Because of this i tried to buy the correct ammount each time, i bought 100 cups, 50 lemons, 56 sugars, and 1000 ice cubes. i normally did not see anything perish so i figured i had figured out the best amount of goods to help keep me from loosing money. the weather was a very large variable also in this game. the temperature was very big and also the type of day, the day was either clear, sunny, rainy, overcast, or hazy. having so many different variables of weather made it so that you had to know exactly how many goods to buy and also how much each cup should cost. the last determining factor of how i was able to make over $100 was that by the end of the game i had a very good popularity. at the begining of the game my popularity was low but by the end i was near a 100% popularity making it so that i sold lemonade easier and made a better profit. by having a higher profit the willingness of people to buy my lemonade went up.

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