This is the summative project for Futures in Business. Our overall understanding, abilities, and reasoning were tested in the making of this project. In this game, we were required to play 30 simulated days as if we owned an actual lemonade stand. In addition, we were to record the data made from the game. Knowledge on the past topics we learned, such as, turning a profit, supply vs demand, and other areas helped on successfully making a profit in this game. Furthermore, our knowledge on spreadsheets also helped make our task of recording the data way easier.
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Although I was not able to successfully make a decent profit. I have learned a couple of tips and tricks that I can use the next time I get a chance to play this game. First of all, I learned to never sell on a rainy day. No matter how low the price of lemons may be, do not sell any! Secondly, as opposed, if the weather is nice, and the price of lemons are low, sell as much as you can. You will for sure earn a good amount of profit as long as you do not make the lemonade overpriced. Finally, together with that, make sure you earn money back if you invest on advertisement.
The trend I saw from this project is that there are days where your income is low and there are days when your income is high. They will eventually balance out in the end.
