ALL but one of the 24 teams entering the second round of the Hongkong Management Game made a profit during the first trading period. Teams made an average profit of $1.16 million during the period. The top performer achieved a profit of $1.8 million. An average order of 228,847 units of product AW, 72,168 units of product AI and 87,064 units of product DI was secured by the teams. They invested, on average, $910,375 in marketing and $215,625 in product development. Half of the teams placed a tender for either product, and the price of successful bids ranged from $29 to $42 for product AC and $58 to $77 for product DC. At the end of the period, four teams ran out of product D while two teams ran out of Product A. Another four teams ran out of both products. Only three teams made additional borrowings during the period while 21 others repaid part of their outstanding loans. Organised by the Hongkong Management Association, the Management Game is sponsored by DHL International (HK), ICL (HK), and the South China Morning Post.