checklist
Foundations of Technology
Nature of Technology: Core Concepts of Technology
practice Project: Lemonade Stand

Problem: You are the owner of a lemonade stand that has not been properly managed. Your task is to make as much money as you can selling lemonade. You are challenged to determine the optimum combination of capital investment in materials and lemonaderesources while considering environmental factors such as temperature and weather.

Background: Running a lemonade stand is a classic business for the dog days of summer. This Lemonade Stand Business Simulation will test your ability to determine what trade-offs you will make to be a successful business owner. When you access the simulation, you will be presented with instructions on how to play. Read the instructions of how to run the simulation.

To help you with your business, use the Lemonade Tracking Sheet to record your daily results. Look for trends over time to determine the optimum amount of lemons, sugar, and ice to use as well as how much to charge as the weather changes. This will be your "formula for success."

Materials

Project Guidelines: Lemonade Stand (20 points)

After you have completed the simulation, enter the data you collected into the Lemonade Tracking Sheet. Choose one of the follow methods to analyze your simulation results and write up you formula for success.Each student will:

  • Simulate 30 days as Lemonade Stand business owner using the program provided.
  • Enter the data from your simulation into the Lemonade Tracking Sheet. (8 points)
  • Either, Use a spreadsheet program to create a graph of your simulation results. Include at least 3 pieces of data from your tracking sheet. (8 points)
  • Or, Write a day-by-day description of your simulation experience. Include your thought processes explaining the decisions you made. (8 points)
  • Write your formula for success explaining what you believe is the optimum combination of capital, materials, and resources is for various environmental conditions. For example: The optimum ratio of lemons to cups of sugar is 2:1 when the temperature is above 70 degrees. (4 points)

Combine your tracking sheet, results analysis and formula for success into one file. You may submit the entire project as a Power Point Presentation, Word Document or Excel Spread Sheet. Submit your finished project to the Lemonade Stand Dropbox before the due date listed on the course calendar.

 
 
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