Entrepreneurship For Kids - Naomi's Next Three Weeks

Naomi faces a challenge as her regular sales decline despite increased delivery orders. Myra, a competitor, lowers her lemonade price and adds ice, prompting Naomi to consider a similar price drop. However, Naomi decides to maintain her price and add biscuits to her offering, which boosts her sales. To stay ahead, she introduces strawberry lemonade, cupcakes, and honey as a sugar alternative. By the end of the month, Naomi earns a $210 profit. The video concludes with a teaser for Naomi's future advice.

What change did Myra make to her lemonade business?

• She added ice and reduced the price.

• She introduced a new flavor.

• She started using honey.

• She added more sugar.

What was Naomi's initial response to Myra's price reduction?

• She ignored the change.

• She started offering a discount.

• She increased her price by $0.10.

• She decided to reduce her price by $0.10.

How did Naomi add value to her lemonade without changing the price?

• By serving biscuits with each cup.

• By reducing the price.

• By adding ice to the lemonade.

• By offering a free drink.

What new product did Naomi introduce to stay ahead of Myra?

• Chocolate cookies

• Strawberry flavored lemonade

• Iced tea

• Fruit punch

What alternative sweetener did Naomi use for health-conscious customers?

• Stevia

• Maple syrup

• Agave syrup

• Honey