Smoothie Stand Challenge: Exploring fixed and variable costs
Topic Based Activity - Topics: Pricing, Costs, External Factors, Market Changes
Description: Students take on the role of running a smoothie stall, identifying fixed costs and variable costs. They calculate the cost per smoothie and set a realistic selling price to cover costs and aim for profit.
After calculating the cost per smoothie and setting a realistic selling price, students respond to a series of changing market scenarios, evaluating whether and why they should adjust their based on these. This activity helps students understand how small businesses determine and adapt prices by considering both costs and market changes.
What You Get:
Teacher Notes
Presentation Slides
Smoothie Stand Challenge: Exploring fixed and variable costs
Topic Based Activity - Topics: Pricing, Costs, External Factors, Market Changes
Description: Students take on the role of running a smoothie stall, identifying fixed costs and variable costs. They calculate the cost per smoothie and set a realistic selling price to cover costs and aim for profit.
After calculating the cost per smoothie and setting a realistic selling price, students respond to a series of changing market scenarios, evaluating whether and why they should adjust their based on these. This activity helps students understand how small businesses determine and adapt prices by considering both costs and market changes.
What You Get:
Teacher Notes
Presentation Slides
