LI: To learn how to run a business.
For inquiry, we played a game called Coffee Shop to learn about supply and demand. In this game, you begin a coffee shop business. We had to name our company to start the day. We had 14 days to make as much money as we could. We started with a balance of $30.
Each day we needed to buy the ingredients for the coffee and change our recipe to however we wanted to make it. Then we could sell our coffee and see the results at the end of the day. We would need to set our price for our coffee.
In colder days, we would set our price higher because more people would demand hot coffee to warm them up. In hotter days we would set our price lower because less people would want coffee because it would make them warmer than wanted.
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