What did I do?
On Day 1, we first selected three potential recipes for our mango yogurt product and finalized one. We then identified all the raw materials required for production, brainstormed a product name, and outlined other key details (e.g., packaging concepts, target audience).
On Day 2, we calculated the unit rate for each ingredient (e.g., cost per gram of mango puree, cost per liter of yogurt) and defined relevant vocabulary terms (e.g., “unit rate,” “variable cost,” “fixed cost”). We also completed detailed calculations for the quantity and cost of each ingredient needed for a single batch or specific production volume.
On Day 3, we documented our decision-making process (including rationale for recipe selection and cost calculations) and designed a poster to visually present our project—featuring the product name, ingredient list, cost breakdown, and core concepts.
On the final day, we analyzed the projected revenue based on pricing strategy and computed the net profit by subtracting total production costs (fixed + variable) from the expected income.
What did I learn?
On the final day, we analyzed projected revenue based on our pricing strategy and calculated net profit by subtracting total production costs (fixed + variable) from expected income.
What worked?
Our stand was absolutely bustling! We earned a total of 1,186 fake RMB—an amount far beyond our expectations—and achieved a net profit of 899.5 fake RMB, which felt incredibly unbelievable.
Profit = Income – Cost
889.5 = 1186-86.5
What did not work well?
On Day 3, we calculated the total cost of our ingredients/supplies, and it came to over 1,000 fake RMB—we thought that was too high, so we looked for more cost-effective alternatives (e.g., bulk purchases, simpler packaging) and ultimately reduced the total cost to 286.5 fake RMB, which was quite reasonable.
How is this relevant to my life?
This project is relevant to my life because it was incredibly fun and gave me a strong sense of achievement. Additionally, I learned valuable business skills—for example, when we struggled to sell our mango yogurt initially, we refined our communication approach to promote the product, and it actually worked!
