2. Lemonade Stand Team Members: Jessabel Santos Ariel Roman Fernando mayorga For Those Hot sunny days, come and Get your Cold Lemonade and Refresh Yourself! http://www.bconnex.net/~kidworld/java/lemonade/lemonade.htm

3. Starting at 0

4. A Good Start

5. 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

6. 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

7. 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

8. 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.

9. 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.

10. 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!

11. 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.