Lemonade Stand

Team Members:

Jessabel SantosAriel RomanFernando mayorgaFor Those Hot sunny

days, come and Get your Cold Lemonade

and Refresh Yourself!

http://www.bconnex.net/~kidworld/java/lemonade/lemonade.htm

Starting at 0

A Good Start

Lemonade Stand ProjectStrategies:

Sunny day= raise the price and add more ice

Rainy day= Lower the price and add fewer ice

Noticeable Fact:

The lower the price the more customers buy

The higher the price the more they complain

Our results due to our recipe … How did this meet our expectation?

Ice: We made sure that on hot, sunny days we bought more ice so that extras ice would remain at the end of the day. Many customers would leave our stand very satisfied.

Recipe: We Tried not change the recipe much once we made sure the it was not too sour nor too sweet. What changes most was the Ice and price depending on the weather, so we would be able to

satisfied our customers demands.

Customers Satisfaction:Customer Satisfaction was actually pretty high.

Popularity:Our Lemonade Stand was very popular to Customers and as days went by more and more customers

arrived

Explanation

Hot Day = More Ice + Price Goes Up

Rainy Day = Less ice + Price goes down

Hazy day = Usual 4 Ice per cup + Usual price

Overcast day = More Ice + Price goes up

Our Results met our expectations in the sense that we logically would change the price and the ice depending on weather conditions. On

sunny days Lemonade would go high in demand, so we raised the prices a bit higher so that we can make more profit as well as

the quantity of ice so that customers can cool off. On cold days we would lower the price and quantity of ice so that customers could buy more since it would already be low in

demand.

Total cups sold to Potential Costumers

Our results due to weather conditions…How did this meet our expectations?

WEATHER EXPECTATIONS

Daily Comparison

Temperature & Profits (each day) ↑

Number of Days and & Profits Earned ↓

Depending on the weather changes during the month, the amount of

lemonade cups sold were determined by how we would change our recipe in order to be concise with our customers

demands. On hot days we would be able to make more profit than on cold

days.

Weather

Customers Satisfaction & weather →

←Weather & Profits (each day )

The weather was one of the biggest factors involved in our sales. In order to satisfy our

customers we had to be able to manage our stand according to

the weather.

The Sour Lemon

THIS INFANT’S FACE SAYS IT ALL…

This is what our customers faces would look like if we don’t adjust the amount of lemons added, because if enough lemon isn’t added, then it’d almost be like having our customers drink a pure lemon drink w/ just water and ice. →

SO BE CAREFUL WITH THE LEMON QUANTITY!

BE AWARE THAT YOU SHOULDN’T ADD TOO MUCH SUGAR EITHER!

EXPECTATIONS

The Lemonade Stand was actually a very good way of Practicing pricing and business management. Even though it was a

simple lemonade stand, we have realized that not even in the smallest or simplest of jobs is easy, mainly because we had

to make sure the everything is good enough to the customer’s satisfaction. In our case it was the Lemonade

stand which we had to manage. We had to make sure that the ingredients were added by decent amounts of

everything. The quantity had a lot of say in our project, because We had to make sure that it wasn’t too sour or too

sweet. In conclusion The lemonade Stand wasn’t how we

actually expected a Lemonade stand to be, but It was profitable, because apart from our expenses we made more than what we started off with. As well as being a

good virtual learning experience.