• I learnt _______

I learnt new vocabulary like sleeping partners, net profit and gross profit. So a sleeping partner is someone who invests

in your business but never works in it, gross profit is the total amount that you earn in the business and net profit is your

saving after deduction of expenses.

I learnt the meaning of capital the meaning is how money did you put.

Then I learnt gross profit the meaning is how much money

You have earned .

I also learnt that in business partner you can earn lot of money.

when you put less price more costumer come

When you have a competitor you can give extra service add on like salad chips,pastry,etc.

You can persuade people by adding different varieties different flavours etc

I learned the meaning of monopoly when you get a competition .

Scarcity meaning is when you fall short of something

Eg

It is winter and you need more hot coco so you fall short that is the meaning of scarcity.

I learnt new word call net profits means total after expenses

I learnt new a word called gross porfit means what you earn

I learnt a business sleeping partner and active partner means

the active does everything the sleeping partner means they

Investment on the shop

I learnt from lemon and lemonade story that how does the girl manages and how the girl decided an idea by redusing her price and getting more coustemers . And selling some refreshments. In short I learnt if you open a business how should you handle the setup . And learnt some new vocabulary also . Like net profit and gross profit . And buisness partners concept and buisness partners are also called sleeping partner also .

I learned about gross profit as well which means the money you earned without your expenses componies should give discount in order to get more sales and you should expand your business so that more people come to your shop to buy something which will lead to getting more profit and think before starting a business that will it make good amount of money . You should even learn how to manage everything or else you will go in loss at the start you should keep less price and as soon as it’s demand is more you increase the prices you should do more of investments on your money that you earn so that you make more money so you end up getting more profit.

I learnt that about how to start a business like when you first open the shop make it cheep when it is high in demand make the product expensive so more people buy it

I also learned gross profit and net profit gross profit means eg: you get 200₹ everyday and the cups are 20₹ and for for 15 Lemons are 50₹ and the sugar is 10₹ so you have only 105 left the 105 is your net profit so that is net profit and gross profit and also competitors in marketing basically means Monopoly means when your regular customers go to the other shop so you have no net profit so from the story i learned all off this

Story : lemon and lemonaid