Find all School-related info fast with the new School-Specific MBA Forum

It is currently 23 May 2013, 08:44
Customize  |  Hide

Analyst: The pace of technological development brings a

  Question banks Downloads My Bookmarks Reviews  
Author Message
TAGS:
Senior Manager
Senior Manager
Joined: 10 Mar 2008
Posts: 378
Followers: 3

Kudos [?]: 18 [0], given: 0

GMAT Tests User
Re: CR - Tech Toys [#permalink] New post 04 Jun 2008, 18:44
Later - Have a good night!
Senior Manager
Senior Manager
Joined: 10 Mar 2008
Posts: 378
Followers: 3

Kudos [?]: 18 [0], given: 0

GMAT Tests User
Re: CR - Tech Toys [#permalink] New post 05 Jun 2008, 09:09
BSD,

What are your thoughts regarding MGMT CR vs Powescore GMAT CR Bible. I'm confused as to which one to go with.

Later!
SVP
SVP
User avatar
Joined: 30 Apr 2008
Posts: 1900
Location: Oklahoma City
Schools: Hard Knocks
Followers: 25

Kudos [?]: 339 [0], given: 32

GMAT Tests User
Re: CR - Tech Toys [#permalink] New post 05 Jun 2008, 09:18
I was thinking D, but can see why B is a good answer, although I do not think that B is the "best" answer.

In B, the company doesn't want the consumers to know about the new technology and the logic of the OE is that if technology is news, then consumers will learn about it. My argument against this, and for D, is that people learning of new technology doesn't matter unless they are more inclined to delay purchase for the new technology. It still swings on consumer choice about when to purchase, which is the focus of D.

In D, if a consumer makes only a few tech purchases per year, the company doesn't want to give the consumer a reason to delay either of those purchases. So, by delaying the announcement, the company can capitalize on the consumers' 1 or 2 tech purchases in that year, rather than induce them to wait for newer, better technology.

walker wrote:
Analyst: The pace of technological development brings a constant stream of new devices to the market, and many of them enjoy commercial success. But announcing new technology too soon after the introduction of a successful device can backfire. Once consumers hear about the new device, they may stop buying the one currently on sale. So, if a company wishes to announce the upcoming sale of a new device, it should wait until purchases of the old device have begun to decline.

Which of the following, if true, would best support the analyst's main assertion?

A) New technology often becomes less expensive after an initial surge in sales.
B) Media outlets, such as television programs and magazines, often report on the planned introduction of new devices while the sales of old devices are still strong.
C) Many consumers are unable to determine whether new technology is superior to current technology.
D) Surveys have shown that some consumers make only one or two technology purchases per year, whereas others make more frequent purchases.
E) Consumers tend to be loyal to technology companies whose products they enjoy using.

My question is how it is close to real GMAT

_________________

------------------------------------
J Allen Morris
**I'm pretty sure I'm right, but then again, I'm just a guy with his head up his a$$.

Find out what's new at GMAT Club - latest features and updates

Manager
Manager
Joined: 27 Jul 2010
Posts: 104
Location: Sweden
Concentration: Finance, International Business
Schools: Stockholm School of Economics (MSc Finance) - Class of 2014
GMAT 1: 720 Q49 V40
GPA: 4
Followers: 3

Kudos [?]: 19 [0], given: 6

GMAT Tests User
Re: CR - Tech Toys [#permalink] New post 22 Jun 2011, 05:00
B and E were my two first choices. but i see that B is best answer
Manager
Manager
Status: I will not stop until i realise my goal which is my dream too
Joined: 25 Feb 2010
Posts: 248
Schools: Johnson '15
Followers: 2

Kudos [?]: 14 [0], given: 16

GMAT Tests User
Re: CR - Tech Toys [#permalink] New post 22 Jun 2011, 06:53
some how i m not convinced with B

Main Assertion is
if a company wishes to announce the upcoming sale of a new device, it should wait until purchases of the old device have begun to decline.

A) question here is new product and not about new technology...so it is out of scope

B) this actually contradicts the statement from the para
But announcing new technology too soon after the introduction of a successful device can backfire. Once consumers hear about the new device, they may stop buying the one currently on sale.
hence not correct

C)question is not about differentiating about the old and new technologies..so out of scope

D) it can be remotely linked to it....because if some one is stopping to buy the current one because he has heard about new product and want to buy it...so the current product sale would be affected ..isnt it?

E) Loyalty is out of scope again..


so i think i am going with D.....

guys please prove me wrong with more detailed explanation ... i want to learn...so prove me wrong..
_________________

Regards,
Harsha

Note: Give me kudos if my approach is right , else help me understand where i am missing.. I want to bell the GMAT Cat ;)

Satyameva Jayate - Truth alone triumphs

Manager
Manager
User avatar
Joined: 28 Feb 2011
Posts: 95
Followers: 0

Kudos [?]: 29 [0], given: 2

Re: CR - Tech Toys [#permalink] New post 22 Jun 2011, 18:30
ok..D supports the assertion but B does it more..
D focuses on people who make frequent purchases..BUT unless they have information about the new product/technology, they wont buy it..Hence, the issue starts from the news about the planned launch..

So ans B..
it took me a lot of time to answer this one!
_________________

Fight till you succeed like a gladiator..or doom your life which can be invincible

Manager
Manager
Joined: 14 Dec 2010
Posts: 192
Followers: 1

Kudos [?]: 4 [0], given: 4

GMAT Tests User
Re: CR - Tech Toys [#permalink] New post 23 Jun 2011, 10:37
B it is. I think i had seen this on MGMAT
Intern
Intern
Joined: 15 May 2011
Posts: 40
WE 1: IT Consulting - 5 Years
Followers: 0

Kudos [?]: 3 [0], given: 4

GMAT ToolKit User GMAT Tests User
Re: CR - Tech Toys [#permalink] New post 23 Jun 2011, 10:48
Guys, look at B like this - B is trying to state that media outlets help in passing a company's announcement of a new technology to the masses and they often do so when the old devices are still on sale. From this I know that if a company desires to announce upcoming sales of a new device - it will surely reach the masses and hence become detrimental to the sales of older products. Hence, we have support for the analysts main point that the company "should wait until purchases of the old device have begun to decline."

Hope this helps.
Manager
Manager
User avatar
Joined: 01 Jan 2011
Posts: 92
Schools: INSEAD,IIMA,IIMB
Followers: 0

Kudos [?]: 0 [0], given: 2

GMAT Tests User
Re: CR - Tech Toys [#permalink] New post 27 Jun 2011, 05:35
Over n over it..b seems correct

Posted from my mobile device Image
_________________

_________________________
Try and you will succeed !

Manager
Manager
User avatar
Joined: 16 Sep 2010
Posts: 230
Location: United States
Concentration: Finance, Real Estate
GMAT 1: 740 Q48 V42
Followers: 5

Kudos [?]: 42 [0], given: 2

GMAT Tests User
Re: CR - Tech Toys [#permalink] New post 07 Aug 2011, 10:40
(A) New technology often becomes less expensive after an initial surge in sales.
(B) Media outlets, such as television programs and magazines, often report on the planned introduction of new devices while the sales of old devices are still strong.
(C) Many consumers are unable to determine whether new technology is superior to current technology.
(D) Surveys have shown that some consumers make only one or two technology purchases per year, whereas others make more frequent purchases.
(E) Consumers tend to be loyal to technology companies whose products they enjoy using.

B is the only option that strengthens the notion that announcing a new iteration could impact the previous versions sales. If the media outlets announced the new version after the previous versions sales already started to decline it wouldn't be that impactful on overall sales. Thus the media is prematurely announcing new products impacting current generations sales figures.
Manager
Manager
User avatar
Joined: 05 Jul 2011
Posts: 70
Followers: 1

Kudos [?]: 10 [0], given: 14

Tough and indirect CR [#permalink] New post 01 Sep 2011, 01:54
Analyst: The pace of technological development brings a constant stream of new devices to the market, and many of them enjoy commercial success. But announcing new technology too soon after the introduction of a successful device can backfire. Once consumers hear about the new device, they may stop buying the one currently on sale. So, if a company wishes to announce the upcoming sale of a new device, it should wait until purchases of the old device have begun to decline.

Which of the following, if true, would best support the analyst's main assertion?

A)New technology often becomes less expensive after an initial surge in sales.

B)Media outlets, such as television programs and magazines, often report on the planned introduction of new devices while the sales of old devices are still strong.

C)Many consumers are unable to determine whether new technology is superior to current technology.

D)Surveys have shown that some consumers make only one or two technology purchases per year, whereas others make more frequent purchases.

E)Consumers tend to be loyal to technology companies whose products they enjoy using.

Please explain. :boom

:wall
_________________

---Winners do it differently---

Senior Manager
Senior Manager
User avatar
Joined: 15 Sep 2009
Posts: 272
GMAT 1: 750 Q V
Followers: 4

Kudos [?]: 34 [0], given: 6

Re: Analyst: The pace of technological development brings a [#permalink] New post 26 Jun 2012, 06:27
B is the best of the worst--not excitingly convincing though.
_________________

+1 Kudos me - I'm half Irish, half Prussian.

Senior Manager
Senior Manager
Joined: 08 Jun 2010
Posts: 400
Location: United States
Concentration: General Management, Finance
GMAT 1: 680 Q50 V32
Followers: 1

Kudos [?]: 37 [0], given: 13

GMAT Tests User
Re: Analyst: The pace of technological development brings a [#permalink] New post 26 Jun 2012, 06:43
I think what B does is that it kind of shows the extreme case of what would happen if the company did announce the new technology early. So, on top of just a whacko customer jump ship situation, we have the media which would exaggerate the situation by announcing to the whole world.

But yeah it seems like a weird question not really GMAT like.
Director
Director
User avatar
Status: Final Countdown
Joined: 17 Mar 2010
Posts: 566
Location: India
GPA: 3.82
WE: Account Management (Retail Banking)
Followers: 10

Kudos [?]: 68 [0], given: 75

Re: Analyst: The pace of technological development brings a [#permalink] New post 26 Jun 2012, 07:12
IMO B
the only problem in introducing a new tech product into the market is that it would hamper the sales of already existing product (introduced recently and making good money).
The "planned introduction" of the new product will create a new interest among the consumers( which will give a way to the upcoming product) also the sales of existing products will not decline.

This could be an ideal GMAT question because i believe that it is sensible enough and forces the test takers to think pragmatically.(what if you are launching the product in similar situation or how will you react as a consumer).

Hope this works.
_________________

" Make more efforts "
Press Kudos if you liked my post

Intern
Intern
Joined: 17 Jun 2012
Posts: 6
Location: India
Concentration: General Management, Leadership
WE: Other (Non-Profit and Government)
Followers: 0

Kudos [?]: 5 [0], given: 8

Re: Analyst: The pace of technological development brings a [#permalink] New post 26 Jun 2012, 11:36
just use POE,

we need to find "why the companies should wait till the sales of present technology product declines"?

because : If the reports about the new product were to come out in TV and magazines while the present product sales are still strong,
people would stop buying the present product and would wait for the new one to come. Hence it will affect the sales of the present product, sales of which could have still gone on for quite some time!

take the case of IPADs!
Intern
Intern
Joined: 26 Apr 2012
Posts: 1
Followers: 0

Kudos [?]: 0 [0], given: 20

Re: CR - Tech Toys [#permalink] New post 29 Jun 2012, 20:55
walker wrote:
MGMAT

I also can't digest the fact that B is the correct answer even after reading OE :?


Hi Walker,
First of all thank you for such a nice question. It's kind of weird that I almost always answer the hardest questions in verbal right and in a shorter time than it's needed for a simple question! But, for normal question I need more time and the probability of getting a right answer is lower! Maybe it's interesting for you to hear that I always gained higher marks in tougher courses such as quantum mechanics and electromagnetism!! (As I graduated in Physics), and here is my reason for choosing B:
To me the word “wish” plays a critical role in order to illustrate that companies currently suffer form an issue which is the advertising of new technology-based devices simultaneously with older devices. To strengthen (support) this assertion B is parallel to what is stated in terms of implying the same issue by showing another scenario. “Media outlets, such as television programs and magazines, often report on the planned introduction of new devices while the sales of old devices are still strong” this situation induce the issue to be unsolved.
E is wrong because if consumers continue their loyalty by buying new technology devices, they will buy the last technology launched. Imagine you are a patronize customer of Apple; if they launch iPad2 and simultaneously they announce that two month later they will unveil the most powerful tablet in the world (supposed this as an advertisement) and they called it iPad3, you as a loyal customer already bought iPad2, cause you are a loyal customer and buy every new device of Apple, and you also will go to buy iPad3 to stay loyal to Apple. Therefore, Apple won’t face any issue and it contradicts to what is implied by analyst.
Hope to clarify something.
My quote: “Whatever we have is the result of our previous pondering, and whatever we don't possess it yet is the consequence of our thought deprivation.”
Re: CR - Tech Toys   [#permalink] 29 Jun 2012, 20:55
    Similar topics Author Replies Last post
Similar
Topics:
Popular new posts EXPERTS_POSTS_IN_THIS_TOPIC Analyst: The pace of technological development brings a ajisha 14 14 Aug 2007, 21:49
New posts Analyst: The pace of technological development brings a eyunni 6 29 Oct 2007, 10:42
Popular new posts Analyst: The pace of technological development brings a chineseburned 15 30 Mar 2008, 16:53
New posts Analyst: The pace of technological development brings a yavasani 7 25 Jun 2008, 03:59
New posts Analyst: The pace of technological development brings a acer2knight 2 05 Jul 2009, 20:44
Display posts from previous: Sort by

Analyst: The pace of technological development brings a

  Question banks Downloads My Bookmarks Reviews  

Go to page   Previous    1   2   [ 36 posts ] 



GMAT Club MBA Forum Home| About| Privacy Policy| Terms and Conditions| GMAT Club Rules| Contact| Sitemap

Powered by phpBB © phpBB Group and phpBB SEO

Kindly note that the GMAT® test is a registered trademark of the Graduate Management Admission Council®, and this site has neither been reviewed nor endorsed by GMAC®.