Lemonade Stand
The Lemonade Stand
You are the producer of a lemonade stand. A producer is someone who makes a good or provides a service for another person. There will be consumers who come to your Lemonade Stand. A consumer is a person who uses the goods and services to satisfy their wants and needs. Many of you may have even sold lemonade in front of your house. Now you have the option of selling lemonade on the internet. At your stand, you have the option of advertising to try to attract more consumers to your stand. You also have a rent to pay every day. The rent is $0.75 per day. So, everyday your are not selling lemonade, you are losing money. Some key terms to understand are profit and loss. Profit is money that you gain by selling a good or a service. Here is an example. On Monday, you spend $1.00 making your lemonade and paying rent. At the end of the day, you add up your money and you have $3.00. Your profit is $2.00. Way to go! However, if you add up your Monday money and discover you only have $.50, then you suffered a loss. Bummer!
1. Grab a Lemonade Stand sheet from Mrs. Thompson or Miss Blohm.
2. Press the link to play Lemonade Stand.
You are the producer of a lemonade stand. A producer is someone who makes a good or provides a service for another person. There will be consumers who come to your Lemonade Stand. A consumer is a person who uses the goods and services to satisfy their wants and needs. Many of you may have even sold lemonade in front of your house. Now you have the option of selling lemonade on the internet. At your stand, you have the option of advertising to try to attract more consumers to your stand. You also have a rent to pay every day. The rent is $0.75 per day. So, everyday your are not selling lemonade, you are losing money. Some key terms to understand are profit and loss. Profit is money that you gain by selling a good or a service. Here is an example. On Monday, you spend $1.00 making your lemonade and paying rent. At the end of the day, you add up your money and you have $3.00. Your profit is $2.00. Way to go! However, if you add up your Monday money and discover you only have $.50, then you suffered a loss. Bummer!
1. Grab a Lemonade Stand sheet from Mrs. Thompson or Miss Blohm.
2. Press the link to play Lemonade Stand.