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Products with innovative and appealing designs relative to

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Re: Products with innovative and appealing designs relative to [#permalink]

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New post 12 Feb 2014, 05:55
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HKHR wrote:
VeritasPrepKarishma wrote:
HKHR wrote:
Products with innovative and appealing designs relative to competing products often command substantially higher prices in the marketplace.BECAUSE DESIGN INNOVATIONS ARE QUICKLY COPIED BY OTHER MANUFACTURERS, many consumer technology companies charge as much as possible for their new designs to extract as much value as possible from them.But large profits generated by innovative designs give stronger incentives to copy the designs. Therefore, THE BEST STRATEGY TO MAXIMIZE OVERALL PROFIT FROM AN INNOVATIVE NEW DESIGN IS TO CHARGE LESS THAN THE GREATEST POSSIBLE PRICE.


Consider the sentences in uppercase to be the boldfaced parts.

Q: In the argument above , the 2 portions in boldface (uppercase) play which of the following roles ?
(A) The First is an assumption that supports a described course of action; The second provides a consideration to support a preferred course of action.
(B) The first is a consideration that helps explain the appeal of a certain strategy;the second presents an alternative strategy endorsed by the argument.
(C) The first is a phenomenon that justifies a specific strategy ; the second is that strategy.
(D) The first is a consideration that demonstrates why a particular approach is flawed; the second describes a way to amend that approach.
(E) The first is a factor used to rationalize a particular strategy; The second is a factor against that strategy.

Thank you for your response Karishma. But I have a follow up question on D. If you look at the text in red, I feel it demonstrates why this particular approach is flawed. The text in blue suggests a way to amend this approach, which is to charge less than the greatest possible price. Any mistake in this interpretation?


Your interpretation is correct.


If my interpretation is correct then option D is correct, right? I am sorry to ask so many questions but I am confused. :(


The first underlined sentence is "BECAUSE DESIGN INNOVATIONS ARE QUICKLY COPIED BY OTHER MANUFACTURERS,"
This explains the appeal of charging as much as possible. It does not explain why an approach is flawed (as listed in option (D)).
The sentence in red is the one which explains why the approach is flawed. The two sentences are not the same.
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Re: Products with innovative and appealing designs relative to [#permalink]

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New post 12 Feb 2014, 20:13
Karishma, thank you so much! I get the picture now.

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Re: Products with innovative and appealing designs relative to [#permalink]

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New post 22 Jul 2014, 18:05
HKHR wrote:
imhimanshu wrote:
Products with innovative and appealing designs relative to competing products often command substantially higher prices in the marketplace.BECAUSE DESIGN INNOVATIONS ARE QUICKLY COPIED BY OTHER MANUFACTURERS, many consumer technology companies charge as much as possible for their new designs to extract as much value as possible from them.But large profits generated by innovative designs give stronger incentives to copy the designs. Therefore, THE BEST STRATEGY TO MAXIMIZE OVERALL PROFIT FROM AN INNOVATIVE NEW DESIGN IS TO CHARGE LESS THAN THE GREATEST POSSIBLE PRICE.


Consider the sentences in uppercase to be the boldfaced parts.

Q: In the argument above , the 2 portions in boldface (uppercase) play which of the following roles ?
(A) The First is an assumption that supports a described course of action; The second provides a consideration to support a preferred course of action.
(B) The first is a consideration that helps explain the appeal of a certain strategy;the second presents an alternative strategy endorsed by the argument.
(C) The first is a phenomenon that justifies a specific strategy ; the second is that strategy.
(D) The first is a consideration that demonstrates why a particular approach is flawed; the second describes a way to amend that approach.
(E) The first is a factor used to rationalize a particular strategy; The second is a factor against that strategy.


Thank you for your response Karishma. But I have a follow up question on D. If you look at the text in red, I feel it demonstrates why this particular approach is flawed. The text in blue suggests a way to amend this approach, which is to charge less than the greatest possible price. Any mistake in this interpretation?


The first boldface support the first strategy ( price is as high as possible), but does not demonstrate any approach is flawed. D is incorrect.
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Re: Products with innovative and appealing designs relative to [#permalink]

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New post 22 Apr 2015, 16:28
I went crazy :shock: when I read in MGMAT 5th edition that answer is C. As usual gclub came to my rescue. Glad to see that answer is B and not C. :P

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Re: Products with innovative and appealing designs relative to [#permalink]

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New post 25 Apr 2017, 06:31
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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A recent development in the marketplace for consumer technology goods [#permalink]

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New post 26 Sep 2017, 18:30
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A recent development in the marketplace for consumer technology goods has been the premium placed on design—products with innovative and appealing designs relative to competing products can often command substantially higher prices. Because design innovations are quickly copied by other manufacturers though, many consumer technology companies charge as much as possible when it comes to their new designs to extract as much value as possible from their new designs. But large profits generated by the innovative design will give competitors stronger incentives to copy the designs. Therefore, the best strategy to maximize overall profit from an innovative new the design 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 assists a course of action criticized by the argument; the second provides a consideration to support the argument’s recommended position.
(B) The first is a consideration that helps explain the appeal of a certain strategy; the second presents an alternative strategy endorsed by the argument.
(C) The first is an assumption that justifies a specific strategy; the second is that strategy.
(D) The first is a consideration presented to demonstrate that a particular strategy will not apply; the second is a factor cited to support the argument’s main position.
(E) The first is a factor used to justify a particular strategy; the second is a factor against that strategy.
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Re: A recent development in the marketplace for consumer technology goods [#permalink]

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New post 26 Sep 2017, 22:06
Gnpth wrote:
A recent development in the marketplace for consumer technology goods has been the premium placed on design—products with innovative and appealing designs relative to competing products can often command substantially higher prices. Because design innovations are quickly copied by other manufacturers though, many consumer technology companies charge as much as possible when it comes to their new designs to extract as much value as possible from their new designs. But large profits generated by the innovative design will give competitors stronger incentives to copy the designs. Therefore, the best strategy to maximize overall profit from an innovative new the design 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 assists a course of action criticized by the argument; the second provides a consideration to support the argument’s recommended position.
(B) The first is a consideration that helps explain the appeal of a certain strategy; the second presents an alternative strategy endorsed by the argument.
(C) The first is an assumption that justifies a specific strategy; the second is that strategy.
(D) The first is a consideration presented to demonstrate that a particular strategy will not apply; the second is a factor cited to support the argument’s main position.
(E) The first is a factor used to justify a particular strategy; the second is a factor against that strategy.


What is the source of this question? This question copies from Manhattan question:

https://gmatclub.com/forum/products-wit ... 36717.html
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Re: A recent development in the marketplace for consumer technology goods [#permalink]

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New post 27 Sep 2017, 11:08
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broall wrote:

What is the source of this question? This question copies from Manhattan question:

https://gmatclub.com/forum/products-wit ... 36717.html


Yes it is manhattan question. But not GMAT one as per the tag the question you mentioned. I did search with question first line, I couldn't find it. I will merge these 2 topics together. Thanks for notifying. :thumbup:
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Products with innovative and appealing designs relative to [#permalink]

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New post 20 Oct 2017, 01:27
Another book by Manhattan Prep ("5 lb. Book of GRE Practice Problems" 2nd edition, isbn=1941234526) contains this passage. Here's the answer:
Quote:
(B) CORRECT. The first boldface is a consideration that helps explain why companies charge as much as possible for new designs. The second boldface presents a different strategy endorsed by the argument, which is to charge less than the greatest possible price to maximize profit.


(This book can be found and partially viewed on google books. This question is q. #21 in that book. The answer choice (C) is worded a little differently though.)

[Reveal] Spoiler:
here's a screenshot of the full question & answers (add a dot to the link): imgur com/a/uBoUI

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Products with innovative and appealing designs relative to   [#permalink] 20 Oct 2017, 01:27

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