Made an easy $20 today!

I am taking Marketing 301 this semster, and it has been a pretty interesting and useful class. I am considering taking a higher level class next year, the only thing I don’t like about it is research!

As part of our mark for 301, we need to get three research credits by participating in various research projects. So I went to one today which looked at the relationship between manufacturers and retailers and how they set their prices. All we had to do was set either the manufacturer’s price or the retailer’s price, depending on which role you were assigned. You entered the price trying to maximize profit on a laptop which was networked to another player in the room of the opposite role. All in all, it was a neat research project!

The students in MARK 301 (I was the only one in this session) were paid $5 plus their profit divided by 50,000. The game had 30 turns, and you make a certain amount of profit each turn depending on the prices set. The rest of the students were from a higher class, MARK 342 I think, and they got paid $12 plus the profit divided by 50,000. I saw a few of the students collect like $22 or $20 and change, and I figured, ah I should get like $10 or so. Seems I did quite well in this game as I walked away with $20!

It was easy enough to be a lab rat and get paid for it, but I don’t think I would enjoy administering the research for a class. Right now no MARK classes scheduled for next year, but there’s still time, who knows!

Now its off to work on the CMPUT 391 project – effort that is long overdue. Maybe if I got paid to do it…

[Listening to: Sk8er Boi – Avril Lavigne – Let Go (03:26)]

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