Question

40 POINTS! PLEASE HELP ME NO ANSWERS THAT SAY " FIGURE IT OUT OR IDK" PLEASE!

All goods and services come at a price. But how are these prices determined? For this week’s discussion, imagine you are starting your own lemonade stand. However, this is no ordinary lemonade stand. You offer a wide variety of lemonade, including traditional, pink, red raspberry, and frozen lemonade. In all, you have 10 different flavors and types for your customers to choose from. Based on your selections, costs, and competition from other lemonade stands, how will you determine your prices? Write a 1–2 paragraph response describing how your prices are determined. Be creative and detailed with your response.

Answer 1

Since there are different flavors I will try to see which of my flavors cost the most and which cost the least. Next I will see what are the qualities of each drink and first give a few samples out and determine which flavor I most liked and which flavor is least liked out of all. As soon as I have all of my information gathered I will set my prices for each and every different flavor as I think it should be and I will also do a little research online to see kind of where each of my prices need to range from.