The Annual Sales $a _ { n }$ (In Millions of Dollars) for a Certain Company from 2001

question 22

Multiple Choice

The annual sales $a _ { n }$ (in millions of dollars) for a certain company from 2001 to 2006 can be approximated by the model $a _ { n } = 500.7 + 161.52 n,$ $n = 0,1 , K , 5$ where $n$ represents the year, with $n = 0$ corresponding to 2001. Find the total sales from 2001 to 2004. Round to the nearest million.

• A)$2972 million
• B)$4119 million
• C)$1987 million
• D)$2229 million
• E)$1502 million

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Definitions:

Growth Strategy

A growth strategy refers to a plan or approach adopted by a business to expand its market presence, increase revenue, or achieve other significant growth objectives.

Market Development

A strategic business growth technique that involves selling existing products in new markets or new geographical areas.

Existing Products

Goods or services that are currently available to consumers from a business.

Value Delivery Network

The collaboration between a company, its suppliers, and its distributors to produce and deliver products to the final customer efficiently.