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lavanya.18
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02 Sep 2024, 10:27
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Hoping to increase his company's market share, the CEO of QuikFashion has decided to hold a month-long sale in which all of the clothing in QuikFashion's stores will be discounted by at least 50 percent. Although this discount will mean that the company is selling clothing at cost, the CEO hopes that this broadly advertised sale will attract repeat buyers to QuikFashion, who will return to buy clothing at full price after the month of sales.
In assessing the CEO's ability to achieve his goals with this plan, it would be most useful to know which of the following?
A) Whether following a different plan might allow QuikFashion to maintain its current market share but increase profits.
B) Whether QuikFashion can cut the cost of production sufficiently to still make profits from its discounted clothing.
C) Whether some items of clothing will be discounted more than others.
D) Whether a sale lasting a different length of time would prove more profitable in the long run.
E) Whether QuikFashion's competitors would respond by discounting their own clothing.
In assessing the CEO's ability to achieve his goals with this plan, it would be most useful to know which of the following?
A) Whether following a different plan might allow QuikFashion to maintain its current market share but increase profits.
B) Whether QuikFashion can cut the cost of production sufficiently to still make profits from its discounted clothing.
C) Whether some items of clothing will be discounted more than others.
D) Whether a sale lasting a different length of time would prove more profitable in the long run.
E) Whether QuikFashion's competitors would respond by discounting their own clothing.
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02 Sep 2024, 10:34
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lavanya.18
Check here:
https://gmatclub.com/forum/hoping-to-in ... 82406.html
Hope it helps.
Archived Topic
Hi there,
This topic has been closed and archived due to inactivity or violation of community quality standards. No more replies are possible here.
Where to now? Join ongoing discussions on thousands of quality questions in our Critical Reasoning (CR) Forum
Still interested in this question? Check out the "Best Topics" block above for a better discussion on this exact question, as well as several more related questions.
Thank you for understanding, and happy exploring!
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