Notebook

BUSINESS GAME
Teacher: Dr. Tran Van Trang

Company's name: ACE

Slogan: More than a hat
LOGO:

Founding member: Nguyễn Quỳnh Giao

Nguyễn Thị Hậu
Nguyễn Thị Thu Hằng
Nguyễn Xuân Đạt
Ngô Đình Đạt
Nguyễn Bình Dương

HANOI 2018

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I. RULES INFORMATION
1. Manufacturer Data
 Equity: $50 (given at beginning)
 If you run out of money, you have to borrow money from the
bank, interest rate 5%/business period + fee of $5/loan.
 The minimum loan amount is $100 each.
 Rent (rental place): 20$/week
 Rent of production tools and equipment : 10$/week
 Material cost: 3$ - material/product
 Labor cost: using the labor of your group
 Productivity: 4 products/ 1 person (only counting the number of
present people)
 If you want to produce more, you have to rent, 1 person rents
more = 4$/period = 4 products)
 About sales:
 Selling at least 6 products/business period, quantity depends on
negotiation
 Selling price: $8/product (market price) with quality products;
Defective product = 4$/1sp, good product can buy higher price
 Only produce enough goods in the period, do not keep inventory
2. Trader data
 Equity: $50
 If you run out of money, you have to borrow more money,
interest rate 5%/business period + start-up fee of $5/loan.
 The minimum loan amount is $100 each.
 Cost of renting shop + tools: 20$
 Marketing and sales expenses (required): 5$
 Only make sample products, hire outsourcing enterprises (cannot
produce by themselves)
 Labor cost: self-made group
 Selling at least 10 products/business cycle, depending on negotiation
ability
 Price: 8$/product
 Contract penalty if not providing enough goods according to the
contract: 10$/time,

3. Other information (self-recorded)

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II. BUSINESS DECISION
1. Business period 1
Product Description Sample:
The hat is indispensable for each of us. It can effectively block the sun and
rain and can bring a certain meaning or as a gift to friends, relatives and
relatives. Group 2- ACE we have the idea to make cartoon hats bear, rabbit
or characters like Thor, Oggy, Badman for children. With the main color
tone following the colors of typical characters, our sample product is a
brown bear with glitter eyes and a lovely nose that attracts children. Target
customers are children from birth to 12 years old. Newborns can buy hats as
decorations when taking pictures or children under 12 years old want to
celebrate their birthday or play transform games, dress up as cartoon
characters and of course their parents will gladly buy them. These lovely
hats.
Sell to customers
- Price: 8$/1 product
- Sell number: 8 products

Selling to a merchant (name of business): ……………………..

- Price: ………………………………………..
- Sell number: ………………………………………..

Other decisions during the period (consulting on business plans/financial

statements, buying insurance, buying market research, advertising)
NO
Risk/Luck : (market rotation results, product rewards)
Lucky to get a price increase of 1$/1 product
Summary of term 1: Lessons and experiences of business term 1
After the end of the first business period, our team drew the following
lessons and experiences:
- Always mobilize enough forces in the group to produce as efficiently as
possible.
- Deal with customers more definitively
- Perfecting the product in the most perfect way: to survey the market before
embarking on a new model.
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- Be agile and proactive as well as seize opportunities to cooperate and sell
to commercial parties.

BUSINESS RESULTS FOR PERIOD 1

STT Targets Value (dollars)
1 Turnover:
 Client → 64$
 Commercial enterprise
 Other (Luck/bonus) → 8$

2 Cost:
 Venue rental (or → 20$
depreciation expense)
 Tools → 10$
 Ingredient → 24$
 Labor
 Sales and Marketing
 Purchase cost (cost of
goods sold)
 Research market
 Insurance
 Risk

3 Profit 18$

BALANCE SHEET at the end of period 1

ASSET CAPITAL
 Short-term  Equity
 Cash: 68$  Beginning: 50$
 Long-term  Undistributed profits: 18$
 Fixed assets:  Loans

 Total assets: 68$  Total capital: 68$

2. Business period 2

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Product Description Sample:
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Sell to customers
- Price:………………………….
- Sell number:……………………..

Selling to a merchant (name of business): ……………………..

- Price: ………………………………………..
- Sell number: ………………………………………..

Other decisions during the period (consulting on business plans/financial

statements, buying insurance, buying market research, advertising)
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Risk/Luck : (market rotation results, product rewards)
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Summary of term 2 : Lessons and experiences of business term 2
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REPORT OF BUSINESS RESULTS CYCLE 2

STT Targets Value (dollars)

1 Turnover:

6
  Client
 Commercial enterprise
 Other (Luck/bonus)

2 Cost:
 Venue rental (or
depreciation expense)
 Tools
 Ingredient
 Labor
 Sales and Marketing
 Purchase cost (cost of
goods sold)
 Research market
 Insurance
 Risk

3 Profit

BALANCE SHEET at the end of period 2

ASSET CAPITAL
 Short-term  Equity
 Cash:  Beginning :
 Long-term  Undistributed profits
 Fixed assets:  Loans

 Total assets:  Total capital: