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# Independent concert promoters, in order to maintain their

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Current Student
Joined: 28 Dec 2004
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Schools: Wharton'11 HBS'12
Independent concert promoters, in order to maintain their [#permalink]

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01 Mar 2009, 08:13
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Question Stats:

75% (01:03) correct 25% (02:03) wrong based on 43 sessions

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Independent concert promoters, in order to maintain their credibility and compete with larger, publicly traded promoters, must represent the concert tours of well-known artists. To attract such business, these private companies have had to increase their guaranteed payments to famous clients. To offset these increases, smaller promoters have raised their ticket prices, resulting in low attendance at a number of recent shows.

Which of the following assertions is best drawn from the information above?

Independent concert promoters often lose money by representing well-known artists.

The largest independent concert promoter has fewer employees than the smallest publicly traded promoter.

Ticket price is the most important determining factor for concert attendance.

Future ticket prices for well-known artists will continue to increase.

The contracts between concert promoters and artists are not always based solely on revenue generated by ticket sales.

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Senior Manager
Joined: 06 Mar 2006
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Re: CR-Concert Promoters [#permalink]

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01 Mar 2009, 08:34
1
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FN wrote:
Independent concert promoters, in order to maintain their credibility and compete with larger, publicly traded promoters, must represent the concert tours of well-known artists. To attract such business, these private companies have had to increase their guaranteed payments to famous clients. To offset these increases, smaller promoters have raised their ticket prices, resulting in low attendance at a number of recent shows.

Which of the following assertions is best drawn from the information above?

Independent concert promoters often lose money by representing well-known artists.

The largest independent concert promoter has fewer employees than the smallest publicly traded promoter.

Ticket price is the most important determining factor for concert attendance.

Future ticket prices for well-known artists will continue to increase.

The contracts between concert promoters and artists are not always based solely on revenue generated by ticket sales.

This is more like inference question. So the correct answer must be true.
Choice A is wrong, the statement did not say they are going to lose money.
Choice B is wrong, there is so such comparison
Choice C is wrong, ticket price might be the factor, but the most important factor is too extreme
Choice D is wrong, we don't know if the future price will increase.
E is correct. Because the statement mentioned "these private companies have had to increase their guaranteed payments to famous clients". So no matter if it is revenue generating or not, they have the guaranteed payment.

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Director
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Re: CR-Concert Promoters [#permalink]

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01 Mar 2009, 08:58
IMO E.
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Director
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Re: CR-Concert Promoters [#permalink]

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01 Mar 2009, 09:41
Only E comes anywhere near.

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Senior Manager
Joined: 06 Jul 2007
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Re: CR-Concert Promoters [#permalink]

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01 Mar 2009, 11:29
eileen1017 wrote:
FN wrote:
Independent concert promoters, in order to maintain their credibility and compete with larger, publicly traded promoters, must represent the concert tours of well-known artists. To attract such business, these private companies have had to increase their guaranteed payments to famous clients. To offset these increases, smaller promoters have raised their ticket prices, resulting in low attendance at a number of recent shows.

Which of the following assertions is best drawn from the information above?

Independent concert promoters often lose money by representing well-known artists.

The largest independent concert promoter has fewer employees than the smallest publicly traded promoter.

Ticket price is the most important determining factor for concert attendance.

Future ticket prices for well-known artists will continue to increase.

The contracts between concert promoters and artists are not always based solely on revenue generated by ticket sales.

This is more like inference question. So the correct answer must be true.
Choice A is wrong, the statement did not say they are going to lose money.
Choice B is wrong, there is so such comparison
Choice C is wrong, ticket price might be the factor, but the most important factor is too extreme
Choice D is wrong, we don't know if the future price will increase.
E is correct. Because the statement mentioned "these private companies have had to increase their guaranteed payments to famous clients". So no matter if it is revenue generating or not, they have the guaranteed payment.

I agree with Eileen's reasoning.

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Senior Manager
Joined: 08 Nov 2008
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Re: CR-Concert Promoters [#permalink]

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01 Mar 2009, 11:50
between A and E ..
finally settled down to E ..
OA pls !!
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Senior Manager
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Re: CR-Concert Promoters [#permalink]

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02 Mar 2009, 21:29
Only E seems good, Rest all choices are either out of scope or too extreme.

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VP
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Re: CR-Concert Promoters [#permalink]

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02 Mar 2009, 22:10
1
KUDOS
Got E as well.

B & D are clearly out.

A has the word often which makes it wrong

C has the word most which makes it wrong

E is the best.

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VP
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Re: CR-Concert Promoters [#permalink]

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03 Mar 2009, 09:41
Trng trng......OA pls.................

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Manager
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Re: CR-Concert Promoters [#permalink]

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26 Oct 2009, 19:13
OA must be E

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Manager
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Re: CR-Concert Promoters [#permalink]

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27 Oct 2009, 14:47
I think it's clear E.

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Re: Independent concert promoters, in order to maintain their [#permalink]

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11 Aug 2014, 20:32
Hello from the GMAT Club VerbalBot!

Thanks to another GMAT Club member, I have just discovered this valuable topic, yet it had no discussion for over a year. I am now bumping it up - doing my job. I think you may find it valuable (esp those replies with Kudos).

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Re: Independent concert promoters, in order to maintain their [#permalink]

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11 Aug 2014, 20:33
OA is E. Its a question from the MGMAT CR question bank.

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Re: Independent concert promoters, in order to maintain their [#permalink]

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01 Dec 2016, 09:04
Hello from the GMAT Club VerbalBot!

Thanks to another GMAT Club member, I have just discovered this valuable topic, yet it had no discussion for over a year. I am now bumping it up - doing my job. I think you may find it valuable (esp those replies with Kudos).

Want to see all other topics I dig out? Follow me (click follow button on profile). You will receive a summary of all topics I bump in your profile area as well as via email.

Kudos [?]: 270 [0], given: 0

Re: Independent concert promoters, in order to maintain their   [#permalink] 01 Dec 2016, 09:04
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# Independent concert promoters, in order to maintain their

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