1) After all 3 rounds of the game, my team ranked third, only behind the teachers group and one other group.The strategy our team employed was to start off by lowering all of our prices to where we were barely making a profit on them, and then would start raising the prices as we started selling the water. We would also barely advertise for the waters that were selling and advertise a lot for the ones that were barely selling in order to try and maximize our profit.
2) Profit is not the only thing to consider in a real business, it does have high importance though, as it helps keep companies afloat. A sales strategy is most important because it helps to maximize the other factors business. An effective sales strategy will effectively advertise and be able to sell to both genders, all races, and ages.
3) Things that went well in our SAP distribution game is that we were able to effectively sell our water and do so without putting much money into advertising. A couple things that we could have done better are ordering our new shipments more quickly and have been more on top of raising our prices to maximize our profit the best we could.
4)Two things that I took away from doing this activity were the thought processes that go into effective advertising and brief look at some of the different roles that go into effectively running a business.
Your strategy sounds really efficient, I wish our group had thought of something along those lines!
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