The production order quantity for the given situation is approximately 28.28 units.
The production order quantity model is used to determine the optimal order quantity that minimizes the total cost associated with production, including setup costs and holding costs. The model assumes certain conditions, including constant demand, instantaneous replenishment, and no stockouts or shortages.
To calculate the production order quantity, we can use the formula:
Production Order Quantity (Q) = √[(2 × Annual Demand × Setup Cost) / Holding Cost]
Given the following values:
Annual demand = 50,000 units
Setup cost = $20
Holding cost = $10 per unit per year
Daily demand rate = 20 units
Daily production rate = 100 units
First, we need to convert the annual demand and holding cost to daily equivalents:
Daily demand = Annual demand / Number of working days
Daily demand = 50,000 units / 250 (assuming 250 working days in a year) = 200 units
Next, we calculate the production order quantity:
Q = √[(2 × 200 units × $20) / $10]
Q = √[8000 units / $10]
Q = √800 units
Q ≈ 28.28 units
Therefore, the production order quantity for this problem is approximately 28.28 units. This represents the optimal quantity that should be produced in each production order to minimize the total cost of production, taking into account the setup costs and holding costs associated with the given parameters.
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Which of these situations provides an external opportunity that the company may exploit to gain competitive advantage?
O Monica's rare book company has weak competition.
O Jack's food processing plant faces strict government scrutiny.
O Norm's engine manufacturing facility is outdated and needs new equipment.
O Kevin's insurance group lost market capitalization.
Choosing option (a) is the right move. Monica's Rare Books has little outside competition, which creates a chance for the company to gain a competitive edge.
What factors of external competition are there?The external influences can include market or competitive position changes as well as macroeconomic concerns including technology advancement, legislation, and sociocultural shifts. The results are frequently displayed as a matrix.
What distinguishes competitive advantage from a strategic advantage?Your capacity to outcompete others in a market is your competitive edge. Your capacity to outperform competitors more broadly, including your returns to stakeholders like investors, employees, and communities
Why is it vital to achieve a competitive advantage?Having a competitive advantage allows a business to stand out from its rivals by providing clients with something unique and exceptional. A company with a competitive advantage can also outperform its rivals in the market and generate bigger profits.
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Businesses that offer flexible hours allow their workers to arrive at work whenever they feel like it. please select the best answer from the choices provided t f
A flexible schedule permits an employee to work hours that deviate from the typical start and stop times of the organization.
Is it good to have a flexible schedule?Flexible employment is no longer limited to gig workers or freelancers; many "conventional" firms are also providing flexible schedules to their employees.
Flexible schedules help employees, and wise companies understand that giving flexible schedules benefits them as well. From being a green company to having a competitive advantage in recruitment and boosting diversity, the advantages of flexible work for businesses can help your organization stay ahead of the competition.
Thus, The statement is False.
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Production is not complete Until goods
reaches the final Consumer Explain
Answer:
B. goods reached the final consumer
Multiple-choices
A. goods gets to the wholesaler
B. goods reached the final consumer
C. factors of production are combined
D. goods are ready for transportation
E. wholesalers ask the firms to produce
Explanation:
Like all other businesses, a firm that produces goods for sale is driven by profit motives. The producer's main objective is to make goods that satisfy the customer's need and make profits. For this objective to be met, the producer must find a way of getting the goods to the consumer.
A marketing distribution channel or the distribution channel is the avenue producers use to deliver their products to final consumers. The channel has businesses ranging from distributors, wholesalers to retailers. The retailer is the final trader who sells directly to consumers. It is the consumer that pays the price for the goods, thereby earning the producer their profits.
If your company is expected to pay 100 million to a company in Japan by 9/30/21 list 2 ways that my company can hedge the transaction
Answer:
The company can opt for futures contracts.
The company can go for matching of receipts.
Explanation:
There are various techniques for transferring foreign exchange risk. Many organizations go for hedging techniques to minimize the risk exposure with the fluctuation in the foreign currency. When a company is expecting payments in six months, it can go for futures contract or matching the payment with the equal amount receipts.
Parent corporation owns all of subsidiary corporations stock in addition parent corporation owns $100,000 of subsidiary corporation's bonds. When subsidiary corporation is completely liquidated
Answer:
In this case, when the subsidiary corporation is completely liquidated they have to pay the $100,000 in the subsidiary corporation's bonds.
Explanation:
The reason behind this answer is that in case the subsidiary corporations decide to liquidate all of their assets in any case. They still have a debt to the parent corporation of $100,000. So, after they liquidate they have to take some of the money to pay the debt issued of those bonds. No matter what, or the parent company can write a lawsuit against them for not doing so.
replying to what you think about this
1
The difference between leader and manager is shown in the names themselves. A manager is someone who sees what needs to be done and hands out responsibilities to their employees. A leader is someone who sees those same things and teaches or even does the task with their employees to make sure that they are learning the correct way. A manager is looking at the improvement of the business alone whereas leaders look at the improvement of the people as well.
One of the most important values as a leader is the ability to teach. If you are in a position that gives you people that you are in charge of you have a responsibility to those people. You can go to school and learn the basics of just about anything. However, almost all jobs or positions are best learned by hands on learning. That is the leader's job to teach what they know and hand down knowledge to the next generation.
I have been in management positions before. It is staggering sometimes to know that you have a team of people counting on you to guide them. I am usually a very hands-on leader. Before the day starts as I am handing out responsibilities I give myself a few tasks to do as well. This lightens the load on my employees and also shows that I am not giving them something that I would not do myself. After I finish a task I usually go around to my employees, watch what they are doing and how they are handling their tasks. If I see someone doing something in a way I would not I stop them and ask why they chose to do it that way and offer the way I would do it and see if that helps them or hurts them. This way, we both learn.
2
The difference between a leader and a manager is the outcome or vision. A leader will provide a sense of priority and guidance to others. Leaders are role models who genuinely contribute to the well-being of the situation. A manager is someone who manages and is there to foresee the overall production. The manager is more in charge of supervising to ensure the business goals are met.
The most important values of a leader are kindness, integrity, accountability, someone who is caring and passionate, and goal-oriented. It is important to have a leader with substance. Someone who is genuine and exemplifies the want to see others as well as the business excel.
I strive to be a leader who cares about the overall growth of my followers and business. A leader is more like a mentor. There are some people who help but don’t want to help as much to have others better than them. I am a genuine person who is all about the success of others. I am a nurturer by nature and thrive from seeing others succeed. I was trained as a shift leader at a beginner’s age, and with the values from my upbringing, I prefer the role of a leader. I am always open to being better and learning.
Managing can be difficult. Working with several personalities may require the manager to be understanding and open to learning about each personality. Everyone is not the same but there are ways to deal accordingly. I will remain positive as a manager and not down-talk anyone. Not only provide others with instructions but also lead by example.
The first passage emphasizes that a leader actively participates in tasks, teaches and guides employees, and focuses on both business improvement and leadership , while the second passage highlights a manager's role in overseeing production and achieving business goals, with a focus on supervision and priority setting.
How do the two perspectives described in the passages differentiate between a leader and a manager?The two passages provide different perspectives on the difference between a leader and a manager. In the first passage, the focus is on the actions and responsibilities of a leader and a manager. It suggests that while a manager delegates tasks to employees, a leader goes beyond that by actively teaching and even participating in tasks to ensure the correct approach and promote learning. The passage also highlights the leader's concern for the improvement of both the business and the people involved.
In the second passage, the emphasis is on the outcomes and qualities of a leader and a manager. It suggests that a leader provides guidance, prioritizes effectively, and contributes to the well-being of the situation, acting as a role model. On the other hand, a manager's role is described as overseeing production and ensuring the achievement of business goals through supervision.
Overall, both passages highlight the importance of leadership qualities such as teaching, caring, integrity, accountability, and goal-orientation. They also acknowledge the challenges of managing diverse personalities and stress the significance of leading by example.
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An act of courage might result in social difficulties. To sustain your convictions in the face of adversity or an unsupportive organization, you should practice
Multiple Choice
self-regulation.
social audits.
crowdfunding.
stakeholder analysis
The correct answer is A. self-regulation.
Self-regulation refers to the ability to control one's emotions, thoughts, and behaviors in a way that is appropriate for the given situation. It involves managing impulses, delaying immediate gratification, adapting to new circumstances, and maintaining focus on long-term goals.
In the context of sustaining convictions in the face of adversity or an unsupportive organization, self-regulation is essential. When someone holds strong convictions or beliefs that go against established ideas or traditions, they may face social difficulties or opposition. In such situations, the ability to regulate oneself becomes crucial.
Practicing self-regulation allows individuals to remain steadfast in their beliefs despite adversity or lack of support. It helps them maintain composure, control emotional reactions, and stay focused on their convictions. Self-regulation enables individuals to overcome obstacles, manage conflicts constructively, and persevere in the pursuit of their goals.
Therefore, to sustain convictions in challenging circumstances, such as when facing adversity or an unsupportive organization, practicing self-regulation is a recommended approach. It empowers individuals to stay true to their beliefs and navigate through difficult situations with resilience and determination.
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When a bank makes a loan to one of its customers, to the bank the loan is classified as?
A classified loan is a bank loan that is in danger of default. Classified loans have unpaid interest and principal outstanding, but don't necessarily need
What is loan?A loan is the lending of money by one or more persons, organizations, or other entities to other individuals, organizations, or other entities in finance. The recipient incurs a debt and is typically required to pay interest on that loan until it is repaid, in addition to repaying the primary amount borrowed.
A loan is a type of debt that an individual or other entity incurs. The lender, who is typically a corporation, financial institution, or government, lends money to the borrower. In exchange, the borrower agrees to a set of terms, which may include finance charges, interest, a payback date, and other conditions.
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The intrinsic nature of the work is the most important predictor of _________ and employee well-being.
The intrinsic nature of the work is the most important predictor of Turnover job satisfaction and employee well-being.
What is Job satisfaction?Job satisfaction can be regarded as the contentment of employees with the tasks that are involved in a particular job.
Therefore, intrinsic nature of the work is concerned with how the employee Will be satisfy with the work.
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Poitioning" i a marketing management aid that refer to: _________ A. How cutomer think about propoed and/or preent brand in a market
Positioning is a marketing management tool that describes how consumers perceive existing and/or potential brands in a certain market. So, the suitable option will be option (a).
Give a brief account on marketing management.Marketing management applies economics and competitive strategy techniques to analyze the business environment in which the organization works. Marketers use SWOT analysis to focus on the relative competitive strengths and weaknesses of each competitor in the market as they create extensive profiles of each competitor. Marketing managers will look at each rival's cost structure, profit sources, assets, and capabilities as well as its competitive positioning, product differentiation, level of vertical integration, past responses to market changes, and other elements.
Market and marketing research are frequently conducted by marketing management in order to undertake marketing analysis. Although there are many techniques used by market researchers, the following are some of the most common ones :
Focus groups and different kinds of interviews are examples of qualitative marketing research.statistics surveys are examples of quantitative marketing research.experimental methods, including test marketsTechniques of observation like ethnographic (on-site) observationTo know more about, marketing management, visit :
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The complete question is mentioned below :
"Positioning" is a marketing management aid that refers to: ______
A) how customers think about proposed and/or present brands in a market.
B) a product's ability to provide both immediate satisfaction and social responsibility.
C) how a firm approaches customer relationship management.
D) a firm's ability to distribute products through intermediaries who are in the right position to reach target customers.
E) all of these alternatives are true.
What is the role of doctor in our society? Explain Briefly
Answer:
All doctors have a role in the maintenance and promotion of population health, through evidence based practice. Some will enhance the health of the population through taking on roles in health education or research, service improvement and re-design, in public health and through health advocacy.
Which of the following symptoms is NOT associated with an allergic reaction?
Trouble breathing
Anxiety
OOO
Fainting
Screaming
When one is having an allergic reaction to something, one symptom that is not expected is Screaming.
An allergic reaction usually leads to the following:
Person has trouble breathing Person develops anxiety Person might faintIt is not a usual thing that a person will scream as a result of an allergic reaction.
We can therefore conclude that screaming is not associated with allergic reactions.
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The price of a ranchette estate is $260,000. The bank requires a 15% down payment and 3 points at the time of closing. The cost of the ranchette is financed with a 30-year fixed-rate mortgage at 7.45%. What is the mortgage amount? *
Answer:
Missing word "and the cost of one point at the time of closing"
Down payment = $260,000*15%
Down payment = $260,000*0.15
Down payment = $39,000
Amount of mortgage = $260,000 - $39,000
Amount of mortgage = $221,000
Cost of 3 point at the time of closing = 3% of amount of mortgage
Cost of 3 point at the time of closing = 3% * $221,000
Cost of 3 point at the time of closing = $6,630
Xyz is a company that produces shoes. If the cost of production
of one units is 12$, do you believe Xyz selling that shoes at 20S
would be a good strategy? explain
Selling shoes at $20 can be a good strategy for Xyz if it aligns with market conditions, attracts customers, and supports the company's business objectives. Proper analysis of competition, target market, pricing strategy, and profitability is crucial in making an informed decision.
To evaluate whether selling shoes at $20 would be a good strategy for Xyz, it's important to assess various aspects. Firstly, the competitive landscape should be analyzed to understand the prevailing market prices and how Xyz's pricing compares to competitors. If $20 is in line with or lower than market prices, it can attract customers and help gain a competitive edge. Secondly, Xyz needs to consider its target market and customer preferences. If the target market perceives the shoes as valuable and is willing to pay $20, it can generate sales and revenue. Market research and understanding customer behavior can provide insights into price sensitivity and customer perceptions.
Additionally, Xyz should evaluate its pricing strategy and overall business goals. If the aim is to capture market share, penetrate a new market, or promote a specific brand image, a competitive pricing strategy can be effective. However, the company should also consider profitability and whether selling at $20 covers production costs, overhead expenses, and generates a reasonable profit margin.
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The Kingdom of Mocha enjoys no absolute advantage in crude oil, diamonds, or wool. However, the Mochans manufacture high-quality bows and arrows. Which statement about the Mochans is true?
Answer:
The Mochans have a comparative advantage in the production of bows and arrows.
Explanation:
Comparative advantage is defined as the ability of a country to produce a product at a lower cost compared to other countries.
In such a situation it will be cheaper for other countries to buy the products than to produce it themselves.
In this scenario the Mochans manufacture high-quality bows and arrows, so they have comparative advantage in producing these goods.
However they have no absolute advantage in crude oil, diamonds, or wool. So they do not have comparative advantage in producing these products and will be better off buying them from other countries that produce them at a cheap rate
Mcafee and brynjolfsson say that _____ is one of the earliest examples of fully-automated decision making.
Answer:
credit scores
Explanation:
McAfee and brynjolfsson say that credit scores are one of the earliest examples of fully-automated decision-making.
What is credit score?A credit score, which ranges from 300 to 850, represents a person's creditworthiness. A person's credit score is based on their total amount owed, length of credit history, types of loans, and history of loan repayment.
Despite the fact that ranges vary depending on the credit scoring methodology, credit scores between 580 and 669 are typically regarded as fair, 670 to 739 as good, 740 to 799 as very good, and 800 and higher than extraordinary.
Person's credit score indicates how likely you are to make loan payments on schedule. A scoring system uses information from the credit report to produce the credit score.
Thus, it is a credit score.
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The output effect means that a firm will ______. Multiple choice question. sell more of one input when the price of another input falls and less of that particular input when the price of the other input rises purchase more of one input when the price of another input falls and less of that particular input when the price of the other input rises purchase less of one input when the price of another input falls and less of that particular input when the price of the other input rises purchase more of one input when the price of another input rises and less of that particular input when the price of the other input rises
Answer: Purchase more of one input when the price of another input falls and less of that particular input when the price of the other input rises
Explanation:
The Output effect is meant to explain what happens when the price of an input changes. If an input price increases for instance, production costs will rise and the company will have to buy less of other inputs to keep costs stable.
Conversely, if the price of other inputs fall, the company will see production costs fall which will enable them to purchase more of inputs which didn't change in price.
Sean works at Rowen Corp., an environmentally conscious apparel manufacturing company. He primarily focuses on the tastes and needs of the firm's customers. He achieves this by managing a team that regularly interacts with customers through various promotional activities and events. He also provides insights on how to produce eco-friendly outfits through his specialized knowledge of cost-efficient manufacturing processes. This implies that Sean:_______.a) is an HR professional.
b) encourages centralized decision making.
c) is a knowledge worker.
d) encourages a narrow business focus.
e) belongs to the external labor market.
Answer:
c) is a knowledge worker
Explanation:
A knowledge worker is an individual who is skillful, experienced, educated and whose duty is to apply his or her thinking creativity on the job. According to Peter Drucker, a knowledge worker is someone who is innovative and creative in terms of developing new products and services and one who always find a better way of doing things.
The job of a knowledge work is very complex hence involves expertise on the subject field. A knowledge worker most often develop new ideas and strategies to meeting needs of people rather than focusing on manual and repetitive work. Example of knowledge workers includes but not limited to engineers, scientists, physicians, lawyers etc.
Tickets to a fundraiser are $14 if purchased ahead of time and $25 if purchased at the door. The total amount raised from all ticket sales was $625. If eleven tickets were purchased at the door, how many tickets were purchased ahead of time?.
which of the following BEST characterizes the first meeting to present the business plan to investors:
a) The presentation should be informal, unrehearsed and avoid using power point slides so it does not appear 'canned'.
b) The presentation should focus on the technology that will go into a new product or service because investors want assurance that the venture is based on sound technology.
Answer:
B
Explanation:
The presentation should focus on the technology that will go into a new product or service because investors want assurance that the venture is based on sound technology.
Find the final discount date and the net payment date for an invoice dated June 14 with terms of 3/10, net 20.
The final discount date is
(Type whole numbers.)
According to the given data, the final discount date is June 24 and the net payment date is July 4.
What do you mean by final discount date?Discount date is the date that comes ten (10) days after the bill's due date, unless another date is specified in the contract. The discount date is the final day that net rates can be applied to water and/or sewer charges.
The time frame during which an invoice must be fully paid in order to receive a reduction in the amount owed is known as the discount period.
Here,
Calculation of the final discount date:
Final discount date = June 14 + 10 days
Final discount date = June 24
Calculation of Net payment date:
Net payment date = June 14 + 20 days
Net Payment date = July 4
Therefore, through the data, the final discount date is June 24 and the net payment date is July 4.
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Which goal-setting strategy will increase an employee's sense of responsibility in meeting goals?
Answer: Management by objectives (MBOs) is a goal setting strategy designed to improve both employee and company performance and boost engagement through a rewards-based system.
Explanation:
hope this helps u let me know if you need anything else. ; )
how many languages in South Africa??
Answer:
There are 11 languages in South Africa. (Afrikaans, English, Ndebele, Pedi, Sotho, Swati, Tsonga, Tswana, Venda, Xhosa, and Zulu)
Answer:
eleven languages in total
why do airline suppliers, such as boeing and airbus, have so much power?
There are only two main suppliers present in an airline industry, Airbus and Boeing that has the power to control the fuel prices.
What is a price?In business and economics, price refers to the amount of money that a buyer pays to acquire a good or service. It is the exchange value of a product, and it represents the value that the buyer and seller place on the item being sold.
Price is determined by various factors, such as supply and demand, production costs, competition, and market trends. A high demand for a product, for example, can drive up its price, while increased competition can lead to lower prices.
Because the Airbus and Boeing are the two significant supplier in an airline industry and that gives them the power to control the fuel prices.
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The simplest way to think about throughput is the quantity of work completed.a. Trueb. False
True, the amount of work performed is the easiest way to think about throughput.
The amount of work completed by an employee in comparison to the standards set by the employer is known as the quantity of work. Establishes new benchmarks for productivity and motivates coworkers or members of the team with their own performance
Always looks for methods to create more work, even if that means putting in extra time or showing up early for work. prioritizes the productivity of the team and continuously seeks out and applies innovative strategies to accomplish tasks and improve the team's production.
Always goes above and above; accountable for a significant increase in the production of own department. fully comprehends the metrics behind productivity, and works diligently and shrewdly to improve departmental and corporate efficiency.
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bluedot training just finished paying annual dividends to its stockholders. it uses the remaining money to fund the purchase of the acquisition of a smaller competitor. this best describes an example of
The annual dividends that Blue Dot Training pays to its stockholders have just been completed. The remaining funds are used to finance the acquisition of a smaller rival. This best depicts an illustration of value funding.
When you sell shares of your company to existing shareholders or a new investor, you are obtaining equity financing. This doesn't mean you should give up control of your business, as your financial backer can take a minority stake.
With an example, what is equity financing?Equity financing entails exchanging capital for a portion of a company's equity. Company ABC's owner, for instance, might need to raise money to expand the business. In exchange for capital, the owner decides to give up 10% of the company's ownership and sell it to an investor.
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Full Question = Blue Dot Training just finished paying annual dividends to its stockholders. It uses the remaining money to fund the purchase of the acquisition of a smaller competitor. This best describes an example of __.
financial leverage
debt financing
equity financing
earnings financing
equity credit
As you read through the draft of your message, you consider whether parts of your message should be rearranged to make your point more effective. Proofreading Evaluating Editing
Answer:
The correct answer will be "Editing".
Explanation:
Editing seems to be the process where even the letter being written is reconstructed or reconfigured to more efficiently express the letter. Arranging, modifying, as well as assembling a recorded, written, or video content for official completion, commonly by such an individual except for the producer of the content (considered as an editor).The other options in question aren't relevant to the particular circumstance. So the option available here is just the right one.
An upward-sloping supply curve shows that O there is an inverse relationship between price and quantity supplied.O sellers are willing to sell less when the prices are higher in the market. O there is no relationship between price and quantity supplied. O there is a positive relationship between price and quantity supplied.
An upward-sloping supply curve shows that: there is a positive relationship between price and quantity supplied.
Supply curve is a graphical representation that shows the correlation between the prices of some goods or services and the quantity of it supplied within a given period of time. The graph shows that there is a direct relation between the two.
Price can be defined as the value or simply the money associated with a piece of some good or the service on takes. The price for any product is fixed after a complex set of calculations that includes market value, input cost, target customers ability to afford, etc.
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Which of the following best exemplifies structural unemployment?
A college graduate is looking for her first job.
An unemployed electrician does odd jobs for cash on the weekends.
A surveyor was laid off when his company relocated to the Midwest.
A real estate agent is looking for a new brokerage that pays better commissions.
A high school student who worked part-time at Chick-Fil-A® was laid off when sales fell.
Answer: A surveyor was laid off when his company relocated to the Midwest is an example of structural unemployment .
Explanation: Structural unemployment occurs due to job relocation, skill mismatches, rapidly growing population, slow rate of capital formation, demand for labor fall short.
And also due to the fundamental changes in the structure of the economy.
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Which control standard is stated most effectively?
Multiple Choice
Praise employees more often this month.
Empower employees to make more decisions next year.
Increase sales of our top-end product from 2000 in the first quarter to 3000 during the same period by 2024.
Cut the number of finished product rejects.
The control standard that is stated most effectively is: Increase sales of our top-end product from 2000 in the first quarter to 3000 during the same period by 2024.
What is meant by the term control standard?This is the term that is used to refer to all of the set standards in an organization that has the ability of taking care of several measures as well as their control and all forms of corrective measures.
It helps in the comparison of the subsequent performance with the performance that used to exist.
Hence we would say that the answer is Increase sales of our top-end product from 2000 in the first quarter to 3000 during the same period by 2024.
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