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HONORS ECONOMICS Coffee Shop |
Your supply decisions begin with cost analysis. Before each business day begins you'll need to stock up on supplies. To make and sell coffee you need four ingredients: cups, coffee, milk, and sugar. Cups and coffee will last from turn to turn, so you may want to stock up and use your inventory. However, sugar and milk spoil quickly, and iyou may find it better to just keep exactly what you need on hand. And of course you need to take into consideration consumer demand. You can adjust your coffee recipe to make a creamier, sweeter cup of java that customers might pay more to purchase, or make a low-cost brew that might not taste as good but could be sold at a lower price. Just remember the more ingredients you use in each cup, the fewer people you can serve, so experiment to find what brings you the most profit. Adding even more variety to the mix, customers have different preferences for their cup of joe, so you won't be able to please everyone all the time. And more people want a warm drink on cold days than hot days, so be sure to drop your price when the sun is blazing. Customers let you know what they think about your brew with icons floating over their heads. Keep a running tally of the overall opinion and adjust your recipe and inventory the next day. And remember the goal: Make Profits and Get Rich! Keep track of your costs, revenue, and profits on this worksheet. |
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