Snack Stand - Paired Learning
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ActiveLearningLabs
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Lab Description
Snack Stand is a business simulation lab in which the student teams (teams of two) are asked to run a virtual snack stand for the Family Field Day event at school.
The student teams will analyze the data from the events in the past 5 years to understand & build data models for each of the four products that can be sold at the event. Based on the models, the teams will make purchasing decisions, price the products for each of the 3 hours in the event, and adjust the price based on the weather of the hour.
At the end of the lab, the teams are ranked based on the total profit they get after the 3-hour event.
This particular lab is a shortened version of the full version which has ten products and teams of a minimum size of four.
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