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    Me & The Bees Business Report

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    yooniverse
    The document analyzes sales data from Me and the Bees Lemonade company. In 3 months they profited $221 from selling lemonade. The graph shows price doesn't significantly affect quantity sold. Recommendations include lowering prices on hot days and offering seasonal flavors to build interest. In conclusion, prices don't need to be lowered randomly but strategically on hot days when lemonade demand is highest.

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    © All Rights Reserved
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    Me & The Bees Business Report

    Uploaded by

    yooniverse
    198 views5 pages
    The document analyzes sales data from Me and the Bees Lemonade company. In 3 months they profited $221 from selling lemonade. The graph shows price doesn't significantly affect quantity sold. Recommendations include lowering prices on hot days and offering seasonal flavors to build interest. In conclusion, prices don't need to be lowered randomly but strategically on hot days when lemonade demand is highest.

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    The document analyzes sales data from Me and the Bees Lemonade company. In 3 months they profited $221 from selling lemonade. The graph shows price doesn't significantly affect quantity sold. Recommendations include lowering prices on hot days and offering seasonal flavors to build interest. In conclusion, prices don't need to be lowered randomly but strategically on hot days when lemonade demand is highest.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    198 views5 pages

    Me & The Bees Business Report

    Uploaded by

    yooniverse
    The document analyzes sales data from Me and the Bees Lemonade company. In 3 months they profited $221 from selling lemonade. The graph shows price doesn't significantly affect quantity sold. Recommendations include lowering prices on hot days and offering seasonal flavors to build interest. In conclusion, prices don't need to be lowered randomly but strategically on hot days when lemonade demand is highest.

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    © All Rights Reserved
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    You are on page 1of 5

    Analysis of the Me and the Bees

    Business Report

    Presented to:

    Pete Diamantis
    Me & the Bees

    Prepared by

    Umar Faarooq
    Tangila Jahan
    MST Mobin

    17 November 2022
    MST, Tangila, Umar - Me and The Bees Sales Spreadsheet
    Introduction

    Me & The Bees Lemonade company was founded by teen social entrepreneur Mikaila

    Ulmer when she was just four years old, in 2009 Austin, Texas. The founder, Mikaila,

    was determined to help them upon discovering the important role that bees play in our

    ecosystem. Their lemonade contains pure honey which is not only healthy for us but also

    helps the bees. Their sales spreadsheet shows that in three months, they profited around

    $221.00 dollars just from selling lemonade.


    Finding & Visual

    How does the price affect the quantity sold? According to the graph, the price doesn’t

    affect the quantity sold. According to the graph, when it’s 2 dollars the company sells

    little more than usual. Since the price doesn’t drop significantly, we can conclude that

    people don’t mind spending an extra 50 cents for the lemonade.


    Recommendations

    A few recommendations we have for the company:

    ● Lower prices on days the temperature is 75 degrees +


    ● Create seasonal/limited flavors to build interest and demand
    ● On colder days, they should offer 2 for the price of 1 lemonade

    Reasoning: Lowering prices on the days when the temperature passes 75 degrees is a

    good marketing strategy since people will be more willing to purchase a bottle of

    lemonade to cool down. Creating seasonal flavor can help build interest and demand

    because people would be curious to see the difference in flavors. And the limited flavors

    will build more demand and it would cause people to put in more effort to get the drink.

    Since the weather will be colder later on and the demand for lemonade will decrease.

    Therefore, having the 2 for the price of 1 would keep customers interested and willing to

    buy more from the brand.

    Conclusion

    Based on the findings of the Me & the Bees the price of the lemonade didn't really have

    an affect on the amount that was sold. After reviewing the data a few times we thought it

    would be better to not lower the prices randomly, instead the prices should be lowered on

    certain occasions such as high temperatures since that is the time when people are most

    likely to purchase a cold bottle of lemonade.


    Ethical Considerations

    ● Do you think there is anything more to the story?


    ● Do you think your group accurately represented the data and patterns or do you
    think there may be some misrepresentation? Why or why not?

    We definitely think there’s more to the story. We can find different things if we look at

    other graphs. I do think there’s some misrepresentation since the graph is going by 20 and

    it would be difficult to find the accurate average.

    Reflection

    We were having lots of problems with creating the graph but I found out that other data

    was interfering with the graph even after selecting the one we wanted. So what I did was

    separate the price and quantity sold into another sheet and I was able to create the graph

    we have currently. We feel confident with filtering, sorting, and graphing. Conditional

    formatting and rate range is still confusing to us.

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