Counting Change
A customer gives you $5 for your product that costs $3. How much change do they get?
$2
What should you always say after someone buys from you?
Thank you!
What’s the word for money you make from selling product or service?
Profit
What day is your Lemonade Day?
Dec 9 for Jefferson
Dec 10 for Northeast
Dec 11 for Meridian
True or False: Dow Credit Union will provide you with money to make change.
False (Students must bring their own startup cash/change.)
Your product costs $2. A customer gives you $10. What’s their change?
$8
What is a phrase that describes customers who return again and again because they trust your business?
Loyal Customers
What is an “entrepreneur”?
Someone who starts a business.
What time does your Lemonade Day start and end?
4PM-6PM
True or False: If you spend more money than you earn, you still make a profit.
False
A customer buys 2 items at $1 each and pays with a $5 bill. How much do you give them back?
$3
If a customer has a problem, what should you do first before offering a solution?
Apologize
What do you call the money spent on supplies?
Expenses
When do you set up?
Between 3PM and 4PM.
True or False: Students are allowed to sell food at Lemonade Day.
False
Your product costs $1.50. A customer gives you $5. What do you owe them?
$3.50
What should you always greet your customers with to make them feel welcome?
Smile
What is “break-even”?
When your sales equal your expenses.
Where will the Lemonade Day event take place?
Cafeteria during ROCK hours.
True or False: Revenue is the same as profit.
False (Revenue is total money earned; profit is what’s left after expenses.)
A customer buys a product priced at $7.25 and pays with $20. After completing the transaction, what amount of change should they receive?
$12.75
Going the extra mile to make sure your customer is happy is called what?
Good customer service.
What do we call the group of people most likely to buy your product?
Target market
List five things you should bring to Lemonade Day.
Money to make change, change box, product, tip jar, tablecloth, sign, calculator, napkins, gloves if you are handling lemonade and putting in mix ins, hand sanitizer, marker, notebook to track sales, tape, scissors.
True or False: Reinvesting profits into supplies or improvements can help your business grow, even if it means you don’t take home money right away.
True