AQA A-level Business | Unit 3.1.3 Demand, Price and Elasticity

The Trading Game

The price you set for each product decides how much you sell, so your job is to price well, sell across the day, and clear your stock before it is written off.

Market traders do this for real every week. They buy stock with their own money, set up at a pitch, and then make the calls that matter: what to charge, when to hold a price, and when to cut it to shift the last few. Get the price right and the stock flies. Get it wrong and you are left with boxes of things nobody wanted.

Del Boyce
A market trader of thirty years who loves showing newcomers the thrill of a good day's trading
"There's no feeling like it: buy it cheap, price it sharp, and watch it fly off the table."

Your job today

You are the new trader, and Del likes the look of you. He is happy to lend you £500 from his float to try running a pitch on your own, but he wants every penny of it back, and a profit on top. Del has no patience for people who lose money. You pick where to set up, buy your stock, then trade through four selling periods, setting the price for every product. Anything you do not sell stays in the boxes for the next period.

The catch. When the last period ends and you pack up, any stock still unsold is written off. It is worth nothing to you. Every unit you fail to sell is money you spent and never got back. So buy carefully, price to sell, and do not leave it too late to clear the slow movers.

Starting float: £500.00