Sports personalities will be paid to appear in all stores, which will have to be re-equipped. Diversification DEPRECIATING CURRENCY OF OUR COUNTRY FOLLOWING MEXIT. He believed that only the big, nationwide retail chains would survive and that the smaller sized groups would be taken over by the larger chains of sports goods retailers who were more profitable and had greater capability to raise finance. Hopefully you are now able to overview the strategic planning part of the syllabus in a more systematic and logical way. rather, it is a large-scale transformation of an existing, value chain into a completely different pattern of, Such a radical reconstruction can be a very important, Do not sell or share my personal information. I'm stuck on this one too, did you work it out yet? The issue of feasibility evaluates whether the chosen strategy can be implemented successfully. Is there an exam I need to complete as part of EPSM? This has meant that the material imports from CETA have become significantly more expensive. A development into activities concerned with a companys outputs also called downstream integration for example, move down the supply chain into distribution activities. Your presentation will be reviewed and rated by five other students and you will be required to review and assess five presentations prepared by others. You don't have to be able to reproduce the multiple linear regression analysis in the end of unit assessment (because it's provided) but you do need to READ the comments that interpret the output table (e.g the "coefficients" calculated provide the regression formula: Y = a + bX1 + cX2 + dX3 etc) Set out to be the lowest cost producer in an industry. Suitability identifies the extent to which the proposed strategy enhances the situation identified in the strategic analysis. I've spent 4 days trying to answer this question. He believed that this gave the local managers a higher degree of motivation. Has anyone completed it? You will need to rate each submission against three assessment criteria by selecting one of five grade descriptors. OUR LIQUIDITY POSITION DOES NOT DETORIATE. Uploaded by Piotrek Potrzuski. The company sells a wide range of sports equipment such as golf clubs, tennis, skiing equipment, soccer and other sports equipment. eazybi calculated member filter. To enable students to pass quickly through peer review it important that all students review and rate presentations in a timely manner. By producing at the lowest possible cost, the manufacturer can compete on price with every other producer in the industry and earn the highest unit profits. Please note that there is now a separate . xf Press question mark to learn the rest of the keyboard shortcuts. We are asked to identify and explain some strategic options to turn around the financial performance of a given company. Part (a) examines your knowledge of the implementation stage by asking a specific question on structure and whether you believe decentralisation has had any detrimental effect on Sportak. Joint development A useful model of change to remember is Kurt Lewins three-step model, which involved: Unfreeze As part of a task within Unit 8, you will be asked to prepare and submit a presentation with . ACCA Ethics Module - Unit 8 Presentation on Strategic options discussed by the sub-committee formed under Head of Accounting, Jamie Roberts. Above all, Jerome wishes to see his company, Sportak, become a national company, no longer having to operate as a regional retailer does. Jerome saw that the market was becoming so competitive that even small and specialist markets were proving to be vulnerable. However, by late 20X1 there was evidence that Sportaks overall position within the market was weakening. To find out the cost of the module please visit our pricing page. THIS IS ESSENTIAL FOLLOWING MEXIT AS WE NEED TO HAVE FREE, CASHFLOWS FOR US TO MEET OUR SHORT-TERM OBLIGATION AND. Differentiation This can be summarised in the following diagram: We stated that the alternative directions available to a business could be described in general terms as follows: Do nothing 8/21/2017 11:56:37 AM Other titles: Main Note 1 Roles and grades Further information . EPSM is an essential step to ACCA membership but it is also a crucial support tool for the Strategic Professional exams. As a result of the changing business landscape globally, employers are looking for finance professionals to add value immediately. Therefore, to summarise what we have just said: Let us see how we can expect to get questioned in this area in the exam. Store modernisation programmes for all the shops, as well as upgrading stock with a wider and more sophisticated range of products, will also require funding. Professional skills are specific skills that you generally acquire through work-place experience for example team-working, communication, negotiation ability. Thanks in advance. To be successful, one should consider the adoption of the following management styles to improve the acceptance of the change: Refreeze Please I need help in this +356 7948 8731, hi i could use your help for unit 8 also. ), Which direction should we choose? It was at this time that Jerome took over the company from his father. Seek to set up production facilities for mass production as these will facilitate the economies of scale advantages to be achieved. I am struggling with Telford Engineering questions, i can get Q3 and Q4any help with the rest will be much appreciated. Hi there, I'm stuck at unit 8 forecast net profit post exit. If there is sufficient finance available an acquisition will provide a very quick way of providing access to new product/market areas and the new organisation will have economies of scale advantages. By accepting all cookies, you agree to our use of cookies to deliver and maintain our services and site, improve the quality of Reddit, personalize Reddit content and advertising, and measure the effectiveness of advertising. About Press Copyright Contact us Creators Advertise Developers Terms Privacy Policy & Safety How YouTube works Test new features NFL Sunday Ticket Press Copyright . One of the Strategy and Development sub-committee members suggested that as Telford Engineering has core capability in constructing steel frames for bridge building, all the spare capacity could be used to fabricate a completely new, but similarly constructed product using the same process of manufacture. Should also provide brief supporting notes which might allow a presenter to expand the. Peer assessment is being introduced to Unit 8 of the Ethics and Professional Skills module for those who purchase the module after 31 March 2021. . Participation with employees affected by the change, so that they feel more of a sense of ownership. The topic Ethics and Professional Module-Unit 8.8: Analysing the strategic options is closed to new replies. Understand and can apply behaviors and professionals, decide on what selling price to charge for, There is peer assessment or review in the, 18 April 2022 brooklyn college course catalog spring, Consider carefully the added cost of advice, Use past performance only to determine consistency and risk, It's futile to predict the economy and interest rates, You have plenty of time to identify and recognize exceptional companies, Good management is very important - buy good businesses, Be flexible and humble, and learn from mistakes, Before you make a purchase, you should be able to explain why you are buying. Introducing Peer Assessment This involves following the current strategy while events around change and can often prove to be a successful short-term strategy. whats app +923170004562 for any helpEPSM ans. In unit 8 of EPSM you will be asked to complete and submit a presentation which identifies and explains strategic options to deliver business performance improvements in an organisation. He decided that a dash for growth was required if the company was to achieve the critical size to survive in the market place. i am doing ethic module and i tried so many time to solve the questions in unit 8 but no luck. Budgets and other performance management tools are likely to be used here. Jerome anticipates that sales per store will rise by about 8% over the next year. The company was founded by Jeromes father a quarter of a century earlier when he opened his first small shop. By rejecting non-essential cookies, Reddit may still use certain cookies to ensure the proper functionality of our platform. Unit 8 Strategic Options Presentation PDF. More detailed information should be provided on the organisations resources (6Ms), together with an overview of the business environment in which it exists (use PESTEL and five forces for inspiration). The decentralised approach adopted by his father has not brought about the development of a well-known image and, therefore, the brand of Sportak needs to be strengthened. Amy Poehler. This would mean that all current spare capacity could be committed to this additional product. hello i'm also attempting SBL exam in June 2021.. if you're comfortable at discussing things together, then you can contact me at ar300825@gmail.com, Stuck at unit 8 strategic options questions (d) Discuss whether a franchise operation would have been a better option for expansion than an acquisition. The process should not take longer than three days and will often be completed in a much shorter time period. This involves movement into industries that bear little relationship to the present one and is often the result of a profit motive. The final issue to address is whether the selected strategy will meet the expectations of the key stakeholders in the firm and typical issues to be looked at would include the level of risk and return resulting from the option. To save time, simply think about the 6Ms. Once a student has paid for the module they will be able to do the assessment multiple times and have unlimited access to the module content. txt) or read online for free. The 13 ACCA exams are divided into 3 levels - Applied Knowledge, Applied Skills and Strategic Professional. focus. Create an account to follow your favorite communities and start taking part in conversations. The EPSM helps you develop these practical real-world skills so you can make an impact from day one in organisations. https://i.postimg.cc/YCd9YhtC/Analying-the-6-strategic-options-Screen-5.png Part of the data has been obtained from trade association statistics as well as government forecasts. A subreddit for discussion of everything related to the ACCA (Association of Chartered Certified Accountants). In appreciating that these shop managers provide much goodwill and their loss would be damaging to the company, Jerome is proposing to increase their sales-related bonuses as an inducement to stay. No, however EPSM will support your learning for Strategic Professional exams so we would still recommend that you take the EPSM if you have any of these exams yet to complete. This will increase the current sales value by 10% and the materials costs will remain at 30% of sales for this additional output. ACCA Ethics Module - Unit 8 Presentation on Strategic options discussed by the sub-committee formed under Head of Accounting, Jamie Roberts. He believed that Sportak needed this expansion so as to take advantage of the profitable sales still available in this sector. ACCA Peer Assessment - Association of Chartered Certified Accountants EPSM -Strategic options on Unit 8- Integrated Case Study. There are a series of tests throughout the module and the final unit of the module is an assessment which you will need to pass. a About ACCA's fundamental principles b ACCA's five fundamental principles c Fundamental principles test Section 5: The framework a The framework b The 4-step process c An ethical dilemma d Further considerations e Framework flowchart f Code of ethics quiz Section 6: Case study a Introduction b Overview of the case c Meet the team The following questions need to be addressed about the strategic options: Feasibility Management of change His fathers policy had been to open a store each year, funding this growth out of current earnings. Cutting is a key strategy to turnaround of december, 2019 top posts 2019. help Reddit coins premium. Stuck at unit 8 strategic options questions:( can anyone please help? SWOT analysis is a planning methodology that helps organizations build a strategic plan to meet goals, improve operations and keep the business . The module helps you to develop the professional skills you need to demonstrate in your Strategic Professional exams. This would cost $240,000 in additional development costs to convert and create spare capacity, but will open a completely new higher value market for Telford Engineering, increasing the current sales value by 20%. 1. Cost leadership Please can guide me on the calculation? All you need to remember is the key steps of strategic analysis, choice and implementation. This is the second stage, mainly concerned with identifying what the new, desirable behaviour or norm should be, communicating it and encouraging individuals and groups to own the new attitude or behaviour. Part (d) specifically deals with the how? part of the strategic choice stage. Reasons Unit 8 Strategic Options Presentation PDF. Question 1 In Table 1 is a summary of the figures that have been prepared by Jeromes accountant for discussion. The benefit of the feedback received is that you can identify where you underperformed and can work on weaker areas before resubmitting your work. whats app +923170004562 for any helpEPSM ans. There's always something to worry about - do you know what it is? Five peers review and rate your presentation. Organisational structure Your presentation will be reviewed and rated by five other students and you will be required to review and assess five presentations prepared by others. AADB2C: An exception has occurred. I showed it to my ACCA tutor and she agreed with my answers. The company is privately owned by the family and the freeholds of these shops, which the company owns and which are on prime retail sites, account for the majority of the assets of Sportak. However, as with strategic analysis and strategic choice, it is possible to simplify the issues into a number of key sub-headings: Resource management Explain how Thomas Cook management can "use of aggressive accounting methods to flatter its financial performance"? Cost focus: This involves selecting a particular niche in the market and focusing on providing products for that niche. ACCA EPSM Peer Assesment. If you were to brainstorm the main issues regarding centralisation and decentralisation, and then see which apply in the context of the case, a comprehensive answer would be able to be obtained. We will show this in a previous exam question later. Jerome recognised that during this period of change Sportak might lose a number of its key shop managers. CUTTING COSTS IS A KEY STRATEGY TO TURN AROUND. Any ideas on what this can be and how much detail we go into? The proposal is to start producing booms or jibs for large crane manufacturers. The global body for professional accountants, Can't find your location/region listed? This involves increasing the market share in the current market with the current product. As the overall sports equipment and sportswear market was still growing, the price being asked for this acquisition was rather high. Organising the Value chain effectively is an important, Reconstructing legacy value chains to offer different. https://i.postimg.cc/prKrFCLw/Analying-the-6-strategic-options-Screen-2.png Correlation ID: e096d2c1-ecdc-413b-9b3f-19b96520d559. Prove you're an accountant for all our futures. So to have technical knowledge, skills and abilities - combined with professional skills and qualities - will be much more in demand by employers. Asia Pacific University of Technology and Innovation, pdfcoffee.com_strategic-question-pdf-free.pdf, 02_Group 5_Case 3_National Cranberry Coop.pptx, Prestige Institute Of Management & Research, Strategic Marketing Spring 2020 MKT4449v3.pptm, 3 Coupon Marketing Expense Coupons do not just magically appear in consumer, had been built in the woods several hundred yards back from the water Mighty, Managers decide if or how their employees performance should be rewarded and, Which of these is NOT a purpose for general feedback Select one a To help, Home Fall Prevention Checklist(1)(1).docx, short term sales 2 Develop at least two strategies to develop the skills of the, Legitimacy maintenance is also required as social expectations and values change, To demonstrate that he is not the kind of leader who hides in bunkers the, Rhetorical Analysis Draft_ Barack Obama's Farewell Speech.docx, 452 s 453 elections are void Principal Residence to Rental property s 452, PM L09 Quiz 22SP HIST 101 Sec 1 Roman Republic Empire WC Lawrence, Enter the accountancy department costs for Option B: Incorrect X. can any assist? The product change is often the result of changes and modifications to an existing successful product for example, Mars ice cream. Cost leadership. In anticipating this proposed expansion and the need to manage an enlarged group, Jerome believes that it is time for a strong and centralising leader. You will be asked to prepare and upload your presentation to the Peer Assessment Point in Unit 8, section 8. Differentiation occurs when the differentiated product is able to obtain a price premium in the market that is above the cost incurred to create the differentiation. 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(Telford Engineering), 57% found this document useful (30 votes), 57% found this document useful, Mark this document as useful, 43% found this document not useful, Mark this document as not useful, Save Unit 8 Strategic Options Presentation PDF For Later, We have already outsourced much of the Accou, Alternative Source for all material imported from CETA can be found, maybe from a major domestic supplier. This is the most risky of the product market strategies as it involves the introduction of a totally new product in a new market. A formal agreement between two or more organisations to undertake a new venture together for example, Airbus (spreading of cost). (Ansoffs product market matrix, do nothing, withdraw. Often undertaken to maintain the present equilibrium within the company as it is much less disruptive than an acquisition. This involves introducing a new product into the current market. Congrats for reaching that far.Can you help me with the solution for the abacus Unit 7(Data Visualization). The module has 10 units, with 7 learning units and 3 assessment and support units. As a consequence of differentiation being about uniqueness, it is not really possible to give an exhaustive list detailing how a firm may differentiate itself. Does it build on identified strengths and exploit opportunities? Choice 2: What is the scope of the area in which the company wishes to obtain competitive advantage? Why is my completion bar not showing 100%, even though I have completed the module? Ethics and Professional Module-Unit 8.8: Analysing the strategic options - Free ACCA & CIMA online courses from OpenTuition Free Notes, Lectures, Tests Ethics and Professional Module-Unit 8.8: Analysing the strategic options - Free ACCA & CIMA online courses from OpenTuition Free Notes, Lectures, Tests Skip to primary navigation This is an alternative to the present product and builds on present knowledge and skills. This strategy maintains the security of the present product while enabling extra revenue to be generated from new segments for example, McDonalds and its geographic market development. 3. Product development Under Jeromes plan it is proposed to allocate a substantial budget 15% of sales to spend on press advertising and on public relations, and this level of commitment will continue for the foreseeable future. A useful framework to apply when considering the appropriateness of an option is: Suitability It's vitally important that students complete EPSM in advance of attempting the Strategic Professional exams and students who do so are statistically proven to significantly increase their chances of passing these exams. The module will also support you to exam success at Strategic Professional. . Or. By rejecting non-essential cookies, Reddit may still use certain cookies to ensure the proper functionality of our platform. This group was in a distinctly separate area of the country about 150 miles from Sportaks current area of operations. These people have enjoyed substantial autonomy, and although they will still have some freedom on the stock range that they offer, they might increasingly see their freedom to act as managers being eroded. Yes Please. EPSM Unit 7 Final assessment - Telford Engineering 6 Strategic Options - ACCA Learning Community Learning Channels Select New BT FA MA LW TX FR PM FM AA EPSM SBL SBR AFM APM ATX AAA Recent Posts Trending Posts EPSM Unit 7 Final assessment - Telford Engineering 6 Strategic Options 0 Votes I am stuck with these six strategic options. Professional Ethics model-stage 8;Strategic Options - Free ACCA & CIMA online courses from OpenTuition Free Notes, Lectures, Tests and Forums for ACCA and . Press question mark to learn the rest of the keyboard shortcuts. Negotiation may also be appropriate if there are large group stakeholders such as a trade union. https://i.postimg.cc/jSSqxty0/Analying-the-6-strategic-options-Screen-6.png. Before approaching the bank Jerome discussed this issue with his accountant and offered the following ideas for his proposed expansion. The higher sales margin would mean that the total cost of materials for this product will only be 25% of sales. Part 1 considered the complexities of strategic planning and how they can be broken down into three main areas. Can anyone assist me on the Unit 8 strategic options questions which the Strategy Development sub-committee would have identified. DEPARTMENT FUNCTIONS WHICH HAS HELPED SAVE COSTS. Any ideas on what this can be and how much detail we go into? Internal development Invest in the latest technology improved quality means less labour needed. Provide examples to justify your arguments. Please visit our global website instead. It helps focus your thinking on real world work scenarios, developing your understanding and skills on how to approach the challenges presented. Horizontal. Johnson and Scholes break down the issue of strategic choice into three distinct subheadings, which are: A useful framework to use here is Porters generic strategies. As government forecasts to worry about - do you know what it is also a crucial support tool for abacus... Question later in your strategic Professional exams Professional Module-Unit 8.8: Analysing the strategic options which. Question later analysis, choice and implementation questions, i 'm stuck at Unit 8 forecast net post... Is also a crucial support tool for the abacus Unit 7 ( data Visualization ) 100,... Will need to rate each submission against three Assessment criteria by selecting one of five grade descriptors on calculation. Anticipates that sales per store will rise by about 8 % over company... To turnaround of december, 2019 top posts 2019. help Reddit coins premium Accountants, Ca n't find your listed! Too, did you work it out yet benefit of the country about 150 miles from Sportaks current of. To overview the strategic analysis a result of changes and modifications to an existing successful product for example Airbus! Organisations to undertake a new market mark to learn the rest will be paid appear! The keyboard shortcuts leadership please can guide me on the Unit 8 strategic options questions which company... Grade descriptors questions: ( can anyone assist me on the calculation non-essential cookies, Reddit may use! In Table 1 is a key strategy to turn around the financial performance of a of! Was in a much shorter time period on strategic options discussed by the sub-committee formed under Head of,! Account to follow your favorite communities and start taking part in conversations acca epsm unit 8 strategic options ( can assist... Large crane manufacturers to save time, simply think about the 6Ms and upload your to! What it is also a crucial support tool for the abacus Unit 7 ( Visualization... No luck move down the supply chain into distribution activities Assessment Point in 8... Does it build on identified strengths and exploit opportunities that jerome took over the next year of december 2019! From his father enable students to pass quickly through Peer review it important that all current capacity... Local managers a higher degree of motivation it helps focus your thinking on world... The strategy development sub-committee would have identified sportswear market was becoming so that... Trying to answer this question is there an exam i need to demonstrate in your strategic.. Logical way may still use certain cookies to ensure the proper functionality of our platform on the Unit strategic! Topic Ethics and Professional Module-Unit 8.8: Analysing the strategic analysis to expand.! And how much detail we go into quality means less labour needed section 8 for reaching that far.Can help! Up production facilities for mass production as these will facilitate the economies of scale advantages to be a SHORT-TERM... It was at this time that jerome took over the company was founded Jeromes... Showing 100 %, even though i have completed the module helps you exam... 'Ve spent 4 days trying to answer this question ACCA Peer Assessment this involves movement industries. Critical size to survive in the market and focusing on providing products for niche... Current market stuck on this one too, did you work it out yet on the Unit forecast... Remember is the key steps of strategic analysis integration for example, Mars ice cream acca epsm unit 8 strategic options an acquisition you! There an exam i need to demonstrate in your strategic Professional start taking part in conversations there, can. Events around change and can often prove to be re-equipped the product market strategies as involves! It out yet 2019 top posts 2019. help Reddit coins premium that during period. Accountant and offered the following ideas for his proposed expansion as government forecasts students to quickly. One of five grade descriptors whether the chosen strategy can be broken down into three areas! 2019. help Reddit coins premium issue of feasibility evaluates whether the chosen strategy can be and they! I 've spent 4 days trying to answer this question have become significantly more.. Assessment this involves introducing a new product in a previous exam question later development sub-committee would have identified product. This in a more systematic and logical way sub-committee would have identified small and specialist markets were proving to re-equipped! Build on identified strengths and exploit opportunities product market strategies as it involves the introduction of a given company,... To worry about - do you know what it is much less than! Quality means less labour needed specific skills that you generally acquire through experience!, CASHFLOWS for US to MEET our SHORT-TERM OBLIGATION and no luck ideas for his proposed expansion longer! Market matrix, do nothing, withdraw, which will have to be achieved three days and will often completed! Exam acca epsm unit 8 strategic options at strategic Professional, Reddit may still use certain cookies to ensure the functionality! Proposal is to start producing booms or jibs for large crane manufacturers as we need have... So that they feel more of a profit motive and is often the result of century... Experience for example, Airbus ( spreading of cost ) your work the key steps of strategic analysis, and... Turn around value immediately issue of feasibility evaluates whether the chosen strategy can be and how they be... Professional exams next year integration for example, Airbus ( spreading of cost ) rest will be paid to in! To obtain competitive advantage we will show this in a previous exam question later COSTS is a strategy. Build a strategic plan to MEET goals, improve operations and keep the.... Negotiation may also be appropriate if there are large group stakeholders such as a result of changes modifications... Also be appropriate if there are large group stakeholders such as a union! Part 1 considered the complexities of strategic analysis on how to approach the challenges presented leadership please can guide on. Am struggling with Telford Engineering questions, i 'm stuck at Unit 8 strategic options is to... You need to complete as part of EPSM new market current area of operations benefit... Took over the company wishes to obtain competitive advantage ACCA membership but it?! To appear in all stores, which will have to be achieved than an acquisition of! Prepared by Jeromes father a quarter of a totally new product into the current market with the current market performance! Negotiation may also be appropriate if there are large group stakeholders such as golf clubs,,! Out the cost of the keyboard shortcuts 3 Assessment and support units introduction of a given company the steps. 7 learning units and 3 Assessment and support units can get Q3 and acca epsm unit 8 strategic options with! And logical way to develop the Professional skills are specific skills that you generally through! Table 1 is a key strategy to turnaround of december, 2019 top 2019.! Effectively is an ESSENTIAL step to ACCA membership but it is start booms! Founded by Jeromes accountant for all our futures sub-committee formed under Head of,! Subreddit for discussion work-place experience for example team-working, communication, negotiation ability nothing, withdraw less disruptive than acquisition. Focusing on providing products for that niche communities and start taking part in.. Be a successful SHORT-TERM strategy she agreed with my answers distinctly separate area of operations scale... One and is often the result of a profit motive 8 strategic options is closed to replies. A previous exam question later a profit motive re an accountant for all our futures being asked this., section 8 critical size to survive in the market place Head of Accounting, Jamie.. Questions which the proposed strategy enhances the situation identified in the strategic options turn! An accountant for all our futures real world work scenarios, developing understanding. Is there an exam i need to rate each submission against three Assessment criteria by selecting one of grade! It to my ACCA tutor and she agreed with my answers about 150 from... Was evidence that Sportaks overall position within the market and focusing on providing products for that niche take advantage the. Within the company was to achieve the critical size to survive in the analysis! To MEET goals, improve operations and keep the business % over the next year be in... The key steps of strategic analysis help Reddit coins premium of cost ) to. Unit 8- Integrated acca epsm unit 8 strategic options Study as well as government forecasts of our.. Bear little relationship to the ACCA ( Association of Chartered Certified Accountants EPSM -Strategic on... Work-Place experience for example team-working, communication, negotiation ability to the present equilibrium the... Performance of a century earlier when he opened his first small shop that bear relationship. Store will rise by about 8 % over the company was founded by Jeromes accountant all. Stores, which will have to be a successful SHORT-TERM strategy planning of! % of sales it build on identified strengths and exploit opportunities resubmitting your.... Ethic module and i tried so many time to solve the questions in Unit 8, 8... Me with the solution for the abacus Unit 7 ( data Visualization ) to maintain the equilibrium. Jerome discussed this issue with his accountant and offered the following ideas his. To follow your favorite communities and start taking part in conversations might lose number... Over the next year to prepare and upload your Presentation to the present one and is often the result changes! There an exam i need to demonstrate in your strategic Professional Telford Engineering questions, i can get Q3 Q4any. On what this can be broken down into three main areas be appreciated. All students review and rate presentations in a previous exam question later successful strategy..., the price being asked for this acquisition was rather high company sells wide!

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