Transcript Lemonade Stand - s3.amazonaws.com

Lemonade
Stand
Team Members:
For Those Hot sunny
days, come and Get
your Cold Lemonade
and Refresh
Yourself!
Jessabel Santos
Ariel Roman
Fernando mayorga
http://www.bconnex.net/~kidworld/java/lemonade/lemonade.htm
Starting at 0
A Good Start
Lemonade Stand Project
Strategies:
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
Explanation
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
WEATHER EXPECTATIONS
Our results due to weather conditions…
How did this meet our expectations?
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
Daily Comparison
20
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.
10
Series1
75 Degrees
76 Degrees
71 Degrees
70 Degrees
89 Degrees
64 Degrees
86 Degrees
74 Degrees
59 Degrees
67 Degrees
0
High temperature
Temperature & Profits (each day) ↑
Number of Days and & Profits Earned ↓
20
15
10
5
Series4
Series1
0
1
2
3
4
5
6
7
8
9
10
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Weather
←Weather & Profits (each day )
20
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.
10
Series1
Overcast
Clear & Sunny
Hazy
Rain
Rain
Rain
Rain!
Overcast
Cloudy
Rain
0
Whether forecast
Customers Satisfaction & weather →
0.8
0.7
0.6
0.5
0.4
0.3
0.2
0.1
0
Series1
Series2
Series3
Series4
Series5
Series4
Series1
1
2
3
4
5
6
7
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9 10 11 12
Series6
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.