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# A product that represents a clear technological advance over

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14 Jul 2014, 04:46
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16 Nov 2014, 07:53
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18 Mar 2015, 00:40
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 new 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.
The second gives the reason why the initial strategy is improper. This statement give the basic for the course of action that the argument intend t establish.

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.
The first is used to explain rather than to justify a strategy

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.

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19 Mar 2015, 02:26
Hi,
Just one doubt. Can the options mentioning BF-1 as "Assumption" can be eliminated. Since assumption is an "unstated" premise.
If not then I need a really convincing answer for this: How can a statement written in a an argument be an assumption??

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23 Apr 2015, 04:40
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05 May 2015, 20:34
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01 Jan 2016, 13:50
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30 Jan 2016, 08:38
souvik101990, could you please edit the question and delete the part below? It gives you hint when trying to answer...

"i confused between B & E
i found explanation on on mgmt forum too , bt options were different in some way ...."

grbjha 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.
i confused between B & E
i found explanation on on mgmt forum too , bt options were different in some way .....

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01 Sep 2016, 22:50
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02 Sep 2016, 05:52
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13 Sep 2016, 13:37
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04 Nov 2016, 21:12
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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15 Feb 2017, 17:49
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02 May 2017, 00:50
Rule out A and C as the first bold face line is defnitely not an assumption.

Between B,D,E

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.

technological advances tend to be quickly surpassed is defnitely not a consideration to show that a certain strategy is unlikely to achieve the intended effect since the second bold face does this by questioning the wisdom of such a approach.

Eliminate

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 first is a consideration raised in support of a strategy the argument endorses - This does not support the strategy the argument endorses which is to maximize overall profit from a new product it is best is to charge less than the greatest possible price.

Eliminate

B stands out.

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 first is a consideration raised to explain the appeal of a certain strategy ->Yes it is since the first startegy thats being discussed (not what the argument finally endorses) is that a product that represents a clear technological advance over competing products can generally command a high price.

the second is a consideration raised to call into question the wisdom of adopting that strategy-> large profits on the new product will give competitors a strong incentive to quickly match the mew product's capabilities questions the wisdom of the first strategy presented which is that a product must be charged the highest price possible if it technolgically the most advanced in the market.
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02 May 2017, 00:53
Rule out A and C as the first bold face line is defnitely not an assumption.

Between B,D,E

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.

technological advances tend to be quickly surpassed is defnitely not a consideration to show that a certain strategy is unlikely to achieve the intended effect since the second bold face does this by questioning the wisdom of such a approach.

Eliminate

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 first is a consideration raised in support of a strategy the argument endorses - This does not support the strategy the argument endorses which is to maximize overall profit from a new product it is best is to charge less than the greatest possible price.

Eliminate

B stands out.

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 first is a consideration raised to explain the appeal of a certain strategy ->Yes it is since the first startegy thats being discussed (not what the argument finally endorses) is that a product that represents a clear technological advance over competing products can generally command a high price.

the second is a consideration raised to call into question the wisdom of adopting that strategy-> large profits on the new product will give competitors a strong incentive to quickly match the mew product's capabilities questions the wisdom of the first strategy presented which is that a product must be charged the highest price possible if it technolgically the most advanced in the market.
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08 May 2017, 05:39
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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12 May 2017, 12:28
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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22 May 2017, 20:05
Can someone please explain what exactly the word 'consideration' means in these CR questions ?

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23 May 2017, 01:59
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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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