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A product that represents a clear technological advance over

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A product that represents a clear technological advance over [#permalink]

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A product that represents a clear technological advance over competing products can generally command a high price. Because technological advances tend to be quickly surpassed and companies want to make large profits while they still can, many companies charge the greatest price the market will bear when they have such a product. But large profits on the new product will give competitors a strong incentive to quickly match the mew product’s capabilities. Consequently, the strategy to maximize overall profit from a new product is to charge less than the greatest possible price.

In the argument above, the two portions in boldface play which of the following roles?

A. The first is an assumption that forms the basis for a course of action that the argument criticizes; the second presents the course of action endorsed by the argument.

B. The first is a consideration raised to explain the appeal of a certain strategy; the second is a consideration raised to call into question the wisdom of adopting that strategy.

C. The first is an assumption that has been used to justify a certain strategy; the second is a consideration that is used to cast doubt on that assumption.

D. The first is a consideration raised in support of a strategy the argument endorses; the second presents grounds in support of that consideration.

E. The first is a consideration raised to show that adopting a certain strategy is unlikely to achieve the intended effect; the second is presented to explain the appeal of that strategy.
[Reveal] Spoiler: OA

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Re: A product that represents a clear technological advance over [#permalink]

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thebigr002 wrote:
A product that represents a clear technological advance over competing products can generally command a high price. Because technological advances tend to be quickly surpassed and companies want to make large profits while they still can, many companies charge the greatest price the market will bear when they have such a product. But large profits on the new product will give competitors a strong incentive to quickly match the mew product’s capabilities. Consequently, the strategy to maximize overall profit from a new product is to charge less than the greatest possible price.

In the argument above, the two portions in boldface play which of the following roles?

A. The first is an assumption that forms the basis for a course of action that the argument criticizes; the second presents the course of action endorsed by the argument.
B. The first is a consideration raised to explain the appeal of a certain strategy; the second is a consideration raised to call into question the wisdom of adopting that strategy.
C. The first is an assumption that has been used to justify a certain strategy; the second is a consideration that is used to cast doubt on that assumption.
D. The first is a consideration raised in support of a strategy the argument endorses; the second presents grounds in support of that consideration.
E. The first is a consideration raised to show that adopting a certain strategy is unlikely to achieve the intended effect; the second is presented to explain the appeal of that strategy.

Can someone please explain the method used to eliminate the choices.


I think it's a messed up question. None of the options work well.

The course of action endorsed by the argument is the conclusion of the argument which is "the strategy to maximize overall profit from a new product is to charge less than the greatest possible price." So (A) is definitely ruled out.

In option (B), the first boldface statement is "raised to explain the appeal of a certain strategy". The second boldface statement is actually 'that strategy'. It is not a "consideration raised to call into question the wisdom of adopting that strategy.". It is also not "a consideration that is used to cast doubt on that assumption." Hence option (C) is also not correct. Again, the second boldface is actually 'a strategy' the argument does not support. Hence neither option (D) nor (E) work.
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Re: A product that represents a clear technological advance over [#permalink]

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New post 20 Jul 2012, 06:17
VeritasPrepKarishma wrote:
thebigr002 wrote:
A product that represents a clear technological advance over competing products can generally command a high price. Because technological advances tend to be quickly surpassed and companies want to make large profits while they still can, many companies charge the greatest price the market will bear when they have such a product. But large profits on the new product will give competitors a strong incentive to quickly match the mew product’s capabilities. Consequently, the strategy to maximize overall profit from a new product is to charge less than the greatest possible price.

In the argument above, the two portions in boldface play which of the following roles?

A. The first is an assumption that forms the basis for a course of action that the argument criticizes; the second presents the course of action endorsed by the argument.
B. The first is a consideration raised to explain the appeal of a certain strategy; the second is a consideration raised to call into question the wisdom of adopting that strategy.
C. The first is an assumption that has been used to justify a certain strategy; the second is a consideration that is used to cast doubt on that assumption.
D. The first is a consideration raised in support of a strategy the argument endorses; the second presents grounds in support of that consideration.
E. The first is a consideration raised to show that adopting a certain strategy is unlikely to achieve the intended effect; the second is presented to explain the appeal of that strategy.

Can someone please explain the method used to eliminate the choices.


I think it's a messed up question. None of the options work well.

The course of action endorsed by the argument is the conclusion of the argument which is "the strategy to maximize overall profit from a new product is to charge less than the greatest possible price." So (A) is definitely ruled out.

In option (B), the first boldface statement is "raised to explain the appeal of a certain strategy". The second boldface statement is actually 'that strategy'. It is not a "consideration raised to call into question the wisdom of adopting that strategy.". It is also not "a consideration that is used to cast doubt on that assumption." Hence option (C) is also not correct. Again, the second boldface is actually 'a strategy' the argument does not support. Hence neither option (D) nor (E) work.



Don't you think that the ultimate strategy as per the argument is to charge les than the maximum price.
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Re: A product that represents a clear technological advance over [#permalink]

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New post 21 Jul 2012, 13:23
thebigr002 wrote:
VeritasPrepKarishma wrote:
thebigr002 wrote:
A product that represents a clear technological advance over competing products can generally command a high price. Because technological advances tend to be quickly surpassed and companies want to make large profits while they still can, many companies charge the greatest price the market will bear when they have such a product. But large profits on the new product will give competitors a strong incentive to quickly match the mew product’s capabilities. Consequently, the strategy to maximize overall profit from a new product is to charge less than the greatest possible price.

In the argument above, the two portions in boldface play which of the following roles?

A. The first is an assumption that forms the basis for a course of action that the argument criticizes; the second presents the course of action endorsed by the argument.
B. The first is a consideration raised to explain the appeal of a certain strategy; the second is a consideration raised to call into question the wisdom of adopting that strategy.
C. The first is an assumption that has been used to justify a certain strategy; the second is a consideration that is used to cast doubt on that assumption.
D. The first is a consideration raised in support of a strategy the argument endorses; the second presents grounds in support of that consideration.
E. The first is a consideration raised to show that adopting a certain strategy is unlikely to achieve the intended effect; the second is presented to explain the appeal of that strategy.

Can someone please explain the method used to eliminate the choices.


I think it's a messed up question. None of the options work well.

The course of action endorsed by the argument is the conclusion of the argument which is "the strategy to maximize overall profit from a new product is to charge less than the greatest possible price." So (A) is definitely ruled out.

In option (B), the first boldface statement is "raised to explain the appeal of a certain strategy". The second boldface statement is actually 'that strategy'. It is not a "consideration raised to call into question the wisdom of adopting that strategy.". It is also not "a consideration that is used to cast doubt on that assumption." Hence option (C) is also not correct. Again, the second boldface is actually 'a strategy' the argument does not support. Hence neither option (D) nor (E) work.



Don't you think that the ultimate strategy as per the argument is to charge les than the maximum price.


I agree with VeritasPrepKarishma; this is a messed up question.

Yes the ultimate strategy is to charge less than the maximum price, but B discusses the strategy of charging maximum.
Thus, the second part of Choice B is incorrect. It is not a consideration raised to call into... wisdom.. it is the strategy itself.
So if it stated "The first is a consideration raised to explain the appeal of a certain strategy; the second is that strategy" then it would be correct.
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New post 23 Jul 2012, 09:54
thebigr002 wrote:
The course of action endorsed by the argument is the conclusion of the argument which is "the strategy to maximize overall profit from a new product is to charge less than the greatest possible price." So (A) is definitely ruled out.

In option (B), the first boldface statement is "raised to explain the appeal of a certain strategy". The second boldface statement is actually 'that strategy'. It is not a "consideration raised to call into question the wisdom of adopting that strategy.". It is also not "a consideration that is used to cast doubt on that assumption." Hence option (C) is also not correct. Again, the second boldface is actually 'a strategy' the argument does not support. Hence neither option (D) nor (E) work.



Don't you think that the ultimate strategy as per the argument is to charge les than the maximum price.[/quote]

It is. Read the highlighted portion again. 'Charge LESS than greatest possible price' is the strategy endorsed by the argument.
But another strategy is discussed before the one endorsed by the argument. This other strategy is to charge the maximum possible. The first boldface statement is raised to explain the appeal of this other strategy. The second boldface is actually this other strategy.
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Re: A product that represents a clear technological advance over [#permalink]

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New post 16 Jul 2013, 19:03
VeritasPrepKarishma wrote:
thebigr002 wrote:
The course of action endorsed by the argument is the conclusion of the argument which is "the strategy to maximize overall profit from a new product is to charge less than the greatest possible price." So (A) is definitely ruled out.

In option (B), the first boldface statement is "raised to explain the appeal of a certain strategy". The second boldface statement is actually 'that strategy'. It is not a "consideration raised to call into question the wisdom of adopting that strategy.". It is also not "a consideration that is used to cast doubt on that assumption." Hence option (C) is also not correct. Again, the second boldface is actually 'a strategy' the argument does not support. Hence neither option (D) nor (E) work.



Don't you think that the ultimate strategy as per the argument is to charge les than the maximum price.


It is. Read the highlighted portion again. 'Charge LESS than greatest possible price' is the strategy endorsed by the argument.
But another strategy is discussed before the one endorsed by the argument. This other strategy is to charge the maximum possible. The first boldface statement is raised to explain the appeal of this other strategy. The second boldface is actually this other strategy.[/quote]
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Re: A product that represents a clear technological advance over [#permalink]

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New post 03 Aug 2013, 06:38
It should be like first is a strategy that is in support of the conclusion; Second represent the strategy that the argument opposes.
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Re: A product that represents a clear technological advance over [#permalink]

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New post 13 Aug 2013, 13:15
VeritasPrepKarishma wrote:
thebigr002 wrote:
The course of action endorsed by the argument is the conclusion of the argument which is "the strategy to maximize overall profit from a new product is to charge less than the greatest possible price." So (A) is definitely ruled out.

In option (B), the first boldface statement is "raised to explain the appeal of a certain strategy". The second boldface statement is actually 'that strategy'. It is not a "consideration raised to call into question the wisdom of adopting that strategy.". It is also not "a consideration that is used to cast doubt on that assumption." Hence option (C) is also not correct. Again, the second boldface is actually 'a strategy' the argument does not support. Hence neither option (D) nor (E) work.



Don't you think that the ultimate strategy as per the argument is to charge les than the maximum price.


It is. Read the highlighted portion again. 'Charge LESS than greatest possible price' is the strategy endorsed by the argument.
But another strategy is discussed before the one endorsed by the argument. This other strategy is to charge the maximum possible. The first boldface statement is raised to explain the appeal of this other strategy. The second boldface is actually this other strategy.[/quote]


I was stumped looking at all the choices. Mostly, to me ,half parts of them are correct and other half parts are wrong. Given that this is an official question, can we apprehend the occurance such questions in the real GMAT.
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pavan2185 wrote:

I was stumped looking at all the choices. Mostly, to me ,half parts of them are correct and other half parts are wrong. Given that this is an official question, can we apprehend the occurance such questions in the real GMAT.


A rare question of OG/Prep may not be perfect but it is very unlikely that you will come across an ambiguous question in the actual test. Each and every question goes through multiple analysis and loads of testing before it is made live. That much thought is probably not given to every question they include in the OG/Prep.
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I believe the second boldface portion should be " But large profits on the new product will give competitors a strong incentive to quickly match the mew product’s capabilities, " not the original one. It makes sense that this sentence is a consideration raised to call into question the wisdom of adopting that strategy.
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Re: A product that represents a clear technological advance over [#permalink]

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New post 11 Oct 2013, 06:13
[color=#0000ff] The second half of choice B is wrong. The main questionable part is "call into question"

B. The first is a consideration raised to explain the appeal of a certain strategy; the second is a consideration raised to call into question the wisdom of adopting that strategy.
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Re: A product that represents a clear technological advance over [#permalink]

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Hello from the GMAT Club VerbalBot!

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Re: A product that represents a clear technological advance over [#permalink]

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New post 04 Nov 2016, 22:12
A product that represents a clear technological advance over competing products can generally command a high price. Because technological advances tend to be quickly surpassed and companies want to make large profits while they still can, many companies charge the greatest price the market will bear when they have such a product. But large profits on the new product will give competitors a strong incentive to quickly match the mew product’s capabilities. Consequently, the strategy to maximize overall profit from a new product is to charge less than the greatest possible price.

In the argument above, the two portions in boldface play which of the following roles?

A. The first is an assumption that forms the basis for a course of action that the argument criticizes; the second presents the course of action endorsed by the argument.

-> Incorrect

C. The first is an assumption that has been used to justify a certain strategy; the second is a consideration that is used to cast doubt on that assumption.

-> There is no doubt casted in assumption here, eliminated

D. The first is a consideration raised in support of a strategy the argument endorses; the second presents grounds in support of that consideration.

-> The argument doesnot support the strategy, eliminated

E. The first is a consideration raised to show that adopting a certain strategy is unlikely to achieve the intended effect; the second is presented to explain the appeal of that strategy.

-> unlikely to achieve, means that the argument support this strategy? No, eliminated

B. The first is a consideration raised to explain the appeal of a certain strategy; the second is a consideration raised to call into question the wisdom of adopting that strategy.

-> The only one left.

P/S: This question takes me 02:23, lots of time :(
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Re: A product that represents a clear technological advance over [#permalink]

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New post 08 May 2017, 06:39
Query: Why is option C selected as OA in OG VR2 Q74 when Option B and C both have same text as second part?

My approach:

Step 1: identification of premise and conclusion:

A product that represents a clear technological advance over competing products can generally command a high price.

This statement is general fact.

Because technological advances tend to be quickly surpassed and companies want to make large profits while they still can, many companies charge the maximum possible price for such a product.

Presence of word ???because??? marks a causal effect. Here because of two causes : A (technological advances tend to be quickly surpassed) and B (companies want to make large profits while they still can), effect is many companies charge the maximum possible price for such a product

BF1 is a fact that explains action taken by companies i.e. BF2

But large profits on the new product will give competitors a strong incentive to quickly match the new product???s capabilities.

But indicates contrast and will give indicates prediction

Consequently, the strategy to maximize overall profit from a new product is to charge less than the greatest possible price.

Conclusion marker consequently indicates final conclusion of argument.
In first read, however the sentence after coma I.e. BF2 also seemed like a conclusion to me. Please help to clarify this part.
Furthermore, here is my POE:
A: not in line with my above points since BF1 supports BF2.
Confused between B and C
D: Rejected on grounds that BF1 is not an assumption but a fact
E: BF 2 is not an outcome of strategy but it itself is a strategy.
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Re: A product that represents a clear technological advance over [#permalink]

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New post 12 May 2017, 13:28
Quote:
Query: Why is option C selected as OA in OG VR2 Q74 when Option B and C both have same text as second part?

This is a different question, which is discussed in this thread: https://gmatclub.com/forum/a-product-th ... 57880.html
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Re: A product that represents a clear technological advance over [#permalink]

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New post 22 May 2017, 21:05
Can someone please explain what exactly the word 'consideration' means in these CR questions ?
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Re: A product that represents a clear technological advance over [#permalink]

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New post 23 May 2017, 02:59
altairahmad wrote:
Can someone please explain what exactly the word 'consideration' means in these CR questions ?


The way it is used will tell you but usually, a "consideration" will be a premise.

"The first is a consideration raised in support of a strategy the argument endorses" - a strategy the argument endorses will be the conclusion. A consideration in its support will be the premise.
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Re: A product that represents a clear technological advance over   [#permalink] 23 May 2017, 02:59
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