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Essay Available:
Pages:
1 page/β‰ˆ275 words
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Style:
APA
Subject:
Business & Marketing
Type:
Coursework
Language:
English (U.S.)
Document:
MS Word
Date:
Total cost:
$ 5.18
Topic:

Factors Affecting Demands of Products and the Pricing Strategies Used

Coursework Instructions:

W5
Complete the following simulation and answer the questions below.
* What factors affected demand for your product?
* What pricing strategies did you use?
* Describe your most successful day and your least successful? Why were they successful or unsuccessful?
* What was your total # of cups sold at the end of the week?
Websites for stimulation:
https://www(dot)coolmathgames(dot)com/0-lemonade-stand

Coursework Sample Content Preview:

W5 Stimulation
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W5 Stimulation
Some of the factors that affected the demand for lemonade are weather, pricing, and ingredients. The temperature had a significant impact on customer's decision to or not to buy the product. On hot days the demand was high, while on cold days, it decreased, resulting in low sales. The ingredients used to make the lemonade also affected the market. Using too much or fewer lemons per pitcher saw customers complain. A lot of ice per pitcher during cold days reduced the popularity of lemonade. High prices during cold days only pushed customers away relatively minimal prices during hot days increased the demand and popularity.
Prices changed with the weather. I set the pr...
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