BizCafe is a business essentials simulation that introduces students to running a business. It is designed to help your students learn about the challenges and rewards of making good decisions in a small, service-based business. Students will learn about management, operations, marketing, and accounting by running their own coffee shop.
Company: Interpretive Simulations
Approximate price: $30-$50/user
Playtime: 16 * 45-60 minutes
Learning objectives: PLANNING & ANALYSIS Write a business plan Monitor implementation of plan Analyze results and make adjustments Calculate break-even point STAFFING Project staffing requirements Decide on employee pay rates Calculate total cost of compensation Manage employee turnover MARKETING Identify the 4Ps of marketing Set pricing for multiple products Calculate gross margin Project impact of promotion OPERATIONS Project purchasing needs Manage inventory Set shop hours Maximize customer satisfaction ACCOUNTING Distinguish cash and accrual accounting Create and analyze income statement Create and analyze balance sheet Calculate return on an investment TEAMWORK Allocate responsibilities fairly Complete assigned tasks on time Communicate problems and plans Collaborate with other team members
Link to simulation home page: https://www.interpretive.com/business-simulations/bizcafe/