In Economics, we are learning about buying and selling goods and services. After learning about money, we came up with ideas about small businesses. We had a few days to make our products or plan our services, and we made posters to advertise our company.
Last week, we also started earning Cowboy Bucks. We earned them for good behavior so that we could spend money at Market Day.
First, we visited Lance Market (the other second grade class). We bought things from them, and then they came to Young Market to shop!
We learned that you can get change if you pay more than the item is worth.
If you are afraid you are going to run out of things to sell, it might be better to offer a service instead of goods.
If you did a service and you couldn't do it right away, you could make coupons for customers to trade in later.
If it is getting closer to closing time, you could lower the price so you sell all of your products.
When you lower the prices, sometimes people want to buy more because it won't cost as much money.
If you make something really expensive, people aren't going to want to buy it because they don't want to waste money.
If someone is selling the same thing as another company, you should look at both prices and buy the cheaper one.
If you are the seller and someone else is selling the same thing, you can lower your price so more people will buy from you instead of them. You could also join groups with them so you work together and get more money.
Last week, we also started earning Cowboy Bucks. We earned them for good behavior so that we could spend money at Market Day.
First, we visited Lance Market (the other second grade class). We bought things from them, and then they came to Young Market to shop!
We learned that you can get change if you pay more than the item is worth.
If you are afraid you are going to run out of things to sell, it might be better to offer a service instead of goods.
If you did a service and you couldn't do it right away, you could make coupons for customers to trade in later.
If it is getting closer to closing time, you could lower the price so you sell all of your products.
When you lower the prices, sometimes people want to buy more because it won't cost as much money.
If you make something really expensive, people aren't going to want to buy it because they don't want to waste money.
If someone is selling the same thing as another company, you should look at both prices and buy the cheaper one.
If you are the seller and someone else is selling the same thing, you can lower your price so more people will buy from you instead of them. You could also join groups with them so you work together and get more money.
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