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Updated on: 18 Dec 2017, 23:01
Originally posted by freetheking on 28 Jul 2006, 18:06.
Last edited by BillyZ on 18 Dec 2017, 23:01, edited 1 time in total.
Last edited by BillyZ on 18 Dec 2017, 23:01, edited 1 time in total.
Edited the question.
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C
Be sure to select an answer first to save it in the Error Log before revealing the correct answer (OA)!
Difficulty:
5%
(low)
Question Stats:
89% (01:10) correct
11%
(01:36)
wrong
based on 1313
sessions
History
Date
Time
Result
Not Attempted Yet
Normally, increases in the price of a product decrease its sales except when the price increase accompanies an improvement in the product. Wine is unusual, however. Often increases in the price of a particular producer’s wine will result in increased sales, even when the wine itself is unchanged.
Which of the following, if true, does most to explain the anomaly described above?
(A) The retail wine market is characterized by an extremely wide range of competing products.
(B) Many consumers make decisions about which wines to purchase on the basis of reviews of wine published in books and periodicals.
(C) Consumers selecting wine in a store often use the price charged as their main guide to the wine’s quality.
(D) Wine retailers and producers can generally increase the sales of a particular wine temporarily by introducing a price discount.
(E) Consumers who purchase wine regularly generally have strong opinions about which wines they prefer.
Which of the following, if true, does most to explain the anomaly described above?
(A) The retail wine market is characterized by an extremely wide range of competing products.
(B) Many consumers make decisions about which wines to purchase on the basis of reviews of wine published in books and periodicals.
(C) Consumers selecting wine in a store often use the price charged as their main guide to the wine’s quality.
(D) Wine retailers and producers can generally increase the sales of a particular wine temporarily by introducing a price discount.
(E) Consumers who purchase wine regularly generally have strong opinions about which wines they prefer.
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28 Jul 2006, 18:24
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C is my final answer... no leaning back and forth 
(A) this doesn't explain the sales... OUT OF SCOPE
(B) May be true, but how do we know that the wines we're talking about were published in somewhere and someone read those OUT OF SCOPE
(C) WINNER... HIGER PRICE->HIGHER QUALITY-> Let's buy it!!!!! -> sales increase
(D) This contradics the argument
(E) So... they can be opinioned all they want... what does it do to the sales? unclear... OUT OF SCOPE
(A) this doesn't explain the sales... OUT OF SCOPE
(B) May be true, but how do we know that the wines we're talking about were published in somewhere and someone read those OUT OF SCOPE
(C) WINNER... HIGER PRICE->HIGHER QUALITY-> Let's buy it!!!!! -> sales increase
(D) This contradics the argument
(E) So... they can be opinioned all they want... what does it do to the sales? unclear... OUT OF SCOPE
28 Jul 2006, 18:30
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u2lover
Thanks for quick respond
How do I improve CR skills not to fall into nasty traps?
For me, it is hard to decide out of scope or not..
Sometimes, I use too many what if scenarios.........gosh..
about it, thinking how could I do this... but this is what happens when you are pressed for time 
but will try!!! 
answer to this question is C for sure. 
