Pease answer the following only.

Review significant events that affected the company or market.

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The above is a one of the parts of Collaborative Learning Community (CLC) assignment.

The team will create the final report to the board (250 words), which will be a written summary of performance. The report to the executive board should include the following components:

Prepare this assignment according to the guidelines found in the APA Style Guide, located in the Student Success Center.

This assignment uses a rubric. Please review the rubric prior to beginning the assignment to become familiar with the expectations for successful completion. It would be better with some charts or graphs.

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You can get information from following. One member submitted following report.

Financial and Market Performance Report Market Performance In its second year, Buena Vista experienced remarkable growth and progress. Our innovation in improved carbon fiber allowed us to develop four new bike models: the "Leisure Glide" for recreational use, the robust "Rocky Adventure & Trail Blazer" mountain bike combo, and the agile "Quicks trike" for speed enthusiasts. Thanks to these new designs, our demand skyrocketed, more than doubling from 884 units to 5,317 units compared to the previous year. This leap forward strategically positioned us among the leading names in recreational biking. By quarter 7, our market share stood at 16%, a slight dip from the previous year. Unfortunately, this decrease was due to our inability to meet the growing consumer demand. Our fixed capacity, capped at 3,120 units, constrained production, impacting our reliability and subsequently affecting our market share negatively. Financial Performance During the 6th quarter, our sales revenue reached $4,676,330, accompanied by a gross margin of $2,853,214. However, we encountered lost sales amounting to 1,785 units due to stock-outs. Despite purchasing 2 additional 3D printers in the 5th quarter, they couldn't keep up with the demand in the 6th quarter. To prevent this issue from recurring, we made a strategic investment by purchasing 3 more printers in the 6th quarter.

Market Share EPIC Carbon Bikes Carbon Edge Bikes 25% Lost Canyon Bike ... Power Pedal 43% Buena Vista 16% 15%Total Demand 14,000 EPIC Carbon Bikes 12,000 Carbon Edge Bikes Lost Canyon Bike ... 10,000 Power Pedal Buena Vista 8,000 6,000 4,000 2,000 2 3 4 5 6 QuarterSales - Total Net Lost Sales Due Units Sales Cost of Gross Brand Demand to Stock-outs Sold Revenue Rebates Goods Sold Margin do Trail Blazer 930 313 617 805,185 24,640 285,343 495,202 ZenRider 475 159 316 347,600 15,800 86,387 245,413 Patlatin 343 115 228 313,500 9,120 116,130 188,250 Quickstrike 1,458 489 969 1,458,345 38,720 534,565 885,060 Leisure Glide 1,415 475 940 1,128,000 47,000 390,994 690,006 Rocky Adventure 696 234 462 623,700 17,325 257,092 349,283 Total 5,317 1,785 3,532 4,676,330 152,605 1,670,511 2,853,214Revenues 4,900,000 Buena Vista 4,200,000 3,500,000 2,800,000 2,100,000 1,400,000 700,000 O 2 3 4 6 QuarterOperating Profit 1,200,000 Buena Vista 800,000 400,000 -400.000 -800.000 -1,200,000 -1,600,000 O 2 3 4 5 6 Quarter