Lemonade Stand Business Challenges

Jessie faces challenges with her lemonade stand, realizing the profit margin is too small to win a competition against her brother, Evan. She devises a new strategy involving franchising lemonade stands with her friend Megan. They successfully execute the plan, earning enough money to win. Jessie reflects on her success and plans to donate her earnings to the Animal Rescue League.

What does the term 'going global' refer to?

• Increasing the number of employees

• Reducing production costs

• Selling products only within the local area

• Expanding one's market beyond the immediate area of production

Why did Jessie feel tired even after waking up at 9:05 AM?

• The previous day's lemonade stand was exhausting

• She stayed up late watching TV

• She had a bad dream

• She was feeling unwell

What was the main problem Jessie and Megan faced with their lemonade stand?

• They didn't have enough customers

• They ran out of lemonade quickly

• They didn't have enough supplies

• They offered too many extra services

How much profit did Jessie calculate they made per cup of lemonade?

• 32 cents

• 16 cents

• 24 cents

• 50 cents

What was Jessie's new plan to increase their earnings?

• Offer more extra services

• Reduce the cost of lemonade

• Sell lemonade at a higher price

• Involve other girls in the neighborhood to set up multiple stands

Why did Jessie feel nervous about calling the other girls?

• She didn't know them well enough

• She thought they wouldn't be interested

• She was afraid they wouldn't like her

• She didn't have their phone numbers

How many lemonade franchises did Jessie and Megan set up?

• 15

• 13

• 10

• 20

What was the total amount of money Jessie and Megan made from their lemonade franchises?

• $128

• $104

• $208

• $64

What did Jessie decide to do with her earnings?

• Save it for future investments

• Donate it to the Animal Rescue League

• Spend it on new supplies

• Share it with Evan

Why did Megan decide to donate her money as well?

• She didn't need the money

• She wanted to support Jessie's cause

• She was influenced by Jessie's decision

• She didn't know what else to do with it