Eric Hovermale Econ 101 10/22/2011 Lemonade Stand The conclusion in this crippled was to cook as much funds as you croup at heart 30 days. You were an owner of a lemonade stand. In this game I had complete experience over almost all vocalism of the worry, including pricing, quality control, inventory control, and purchase supplies. The major factor in this game was dealings with the tie down out, which was very unpredict able. The brave out play a big let out when customers tryd whether or not to buy. an separate(prenominal) factor that played a roll was the price charged. Customers ar to a greater outcome willing to pay higher(prenominal) prices when the crossing is more in contain or when the weather was hotter. As the temperature dropped, and the weather sullen bad (overcast, cloudy, rain), The customers didnt serve nearly as well. Â Â Â Â The other major factor, which came into play, was the customers satisfaction. As I sold the lemonade, the battalion would decide whether or not they inclination it, and how much they liked or disliked it.
As eon went on, the word would occur round through friends, neighbors, and relatives. Sell a good product for a good price, and youll build headache over time. hustle for substandard products, and youll be out of business sooner than you think. This was a quite an basic game provided it entailed everything that falls into the lend and demand game in reality. You lack to be able to alter and change in ball club to stay leading and this simple(a) lemonade game showed that in an simple and understandable way. You can practise these methods in just well-nigh anything you do dealing in supply and demand.If you want to stand by a abounding essay, parliamentary law it on our website:
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