Old thread without an OA

BTW my take is C,D,C,B

E-gmat can you post the OA for this golden thread !!!.

Rgds,
Saurabh
_________________

Plz Correct me if I am deviating somewhere!!
Consider KUDOS if the post was informative!!

The passage is primarily concerned with: (D)
1. Analyzing the various advantages and disadvantages of various pricing strategies. only disadvantage of traditional & adv of other strategies is mentioned
2. Describing the various aspects of pricing process - only 1 aspect of pricing v.i.z price fixing is discussed
3. Explaining the importance of humanizing the process of price fixing - this talks only about 1 strategy, there are other strategies as well
4. Identifying steps to adapt pricing strategy to changing trends. correct, the author talks about how present day consumer would react to traditional pricing strategies and how to adopt to such consumers
5. Discussing about the changing trends in consumer behavior with regards to unfair pricing - only portion of the passage

By using the phrase ‘running the numbers’ the author is referring to what practice? (D)
1. Running complex equations on a computer to generate a number to fix the price. OFS
2. Making calculations for optimizing profits.Inconsistent, traditional strategies are used for maximum profits
3. Making decisions solely based on calculations ignoring unquantifiable variables that may have a greater impact. OFS
4. Using traditional methods for calculation and price fixing. correct
5. Running simulations on statistical data to fix price. OFS

The author of the passage is LEAST likely to make which of the following recommendations to Businessmen. (A)
1. Instead of using pricing for profits, businessmen should use pricing to increase consumer satisfaction. Correct
2. They should avoid hidden costs and simplify the terms of use of their service for better understanding. Opposite, mentioned in passage
3. Businessmen should look at value creation for the consumer too along with traditional strategies for price fixing. Opposite, mentioned in passage
4. They should use pricing as an effective means for communicating with customers.Opposite, mentioned in passage
5. They should try to position themselves so that they may be able to influence the perceived level of fairness of the price of their product. Opposite, mentioned in passage

According to the passage, which of the following describes present day consumer most accurately? (B)
1. Consumers sometimes use modern tools to criticize products and service. nope the passage says: disseminate information about a firm’s prices, exploiting social media platforms to publicize policies that they believe are unfair NOT sometimes
2. Consumers raise their voices against products or services which they feel are unjust. correct
3. They sometimes force companies to lower prices. OFS, the consumers force companies to lower only if the rise is unjustified
4. They use social media to strongly oppose price increases. OFS, consumers use SM to oppose unjust policies not price increase
5. They sometimes threaten to stop using product. OFS, Consumers don't hesitate not threaten to stop using the product

easy passage but very hard questions.

this is to show that we need to pratice answerring question more.

e-GMAT
Can we have the answers to the questions please.
_________________

Prepositional Phrases Clarified|Elimination of BEING| Absolute Phrases Clarified
Rules For Posting

My ANS::

1. 2
2. 3
3. 4
4. 4

Thanks
Rahul