- Counting the number of rubber bands needed for each bracelet
- Calculating the cost of materials for each bracelet
- Determining the selling price for each bracelet based on cost and desired profit
- Keeping track of the number of bracelets sold
- Calculating the total revenue earned from selling the bracelets
For continued development, the child could:
- Create a spreadsheet to track sales and revenue
- Experiment with different pricing strategies to maximize profit
- Explore the concept of supply and demand by adjusting the number of bracelets made and observing how it affects sales
- Expand the business by creating new designs and products to sell