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QOTD #3 Recent market research has indicated that, because Globaltech

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QOTD #3 Recent market research has indicated that, because Globaltech [#permalink]

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Recent market research has indicated that, because Globaltech’s current line of cellphones has remained the same over the last few years without adding any cutting-edge features that consumers demand, it has lost considerable market share in the industry. So, in an attempt to regain market share, Globaltech has proposed a new line of cellphones with the capability of synchronizing various household appliances such as computers, light switches, and even toasters.

Which of the following, if true, provides the strongest reason to expect that the proposed line of cellphones will be successful in regaining market share?

(A) Engineers have only recently been able to discover a cost-effective way to remotely control household appliances through cellphones.
(B) An increasing number of countries throughout the world now have more cellphones than people.
(C) The number of appliances that can be remotely controlled through a cellphone signal has more than tripled in the last few years.
(D) Globaltech’s market share began decreasing at the same time as it stopped adding new features to its cellphones.
(E) In today’s economy, the new time-saving ability to remotely control appliances is being demanded by more and more consumers.
[Reveal] Spoiler: OA

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Re: QOTD #3 Recent market research has indicated that, because Globaltech [#permalink]

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(A) Engineers have only recently been able to discover a cost-effective way to remotely control household appliances through cellphones.--No mention of cost in the arguments hence reject
(B) An increasing number of countries throughout the world now have more cellphones than people.--It does not tell anything about Technology hence reject.
© The number of appliances that can be remotely controlled through a cellphone signal has more than tripled in the last few years.--Ok.if the no. of appliances using that technology has tripled,it means that these appliances will be needing cellphones which can use this technology.Hence its sales will rise.Correct
(D) Globaltech’s market share began decreasing at the same time as it stopped adding new features to its cellphones.--Irrelevant
(E) In today’s economy, the new time-saving ability to remotely control appliances is being demanded by more and more consumers.--demanded cannot be transformed into sales and thus cannot be converted into successful regaining of market share.

Please correct me if I am wrong

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Re: QOTD #3 Recent market research has indicated that, because Globaltech [#permalink]

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New post 31 May 2016, 11:31
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+1 E
The underlying assumption is that the feature demanded by the consumers is the facility to control though their cellphones.

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Re: QOTD #3 Recent market research has indicated that, because Globaltech [#permalink]

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carcass wrote:
Recent market research has indicated that, because Globaltech’s current line of cellphones has remained the same over the last few years without adding any cutting-edge features that consumers demand, it has lost considerable market share in the industry. So, in an attempt to regain market share, Globaltech has proposed a new line of cellphones with the capability of synchronizing various household appliances such as computers, light switches, and even toasters.

Which of the following, if true, provides the strongest reason to expect that the proposed line of cellphones will be successful in regaining market share?

(A) Engineers have only recently been able to discover a cost-effective way to remotely control household appliances through cellphones.
(B) An increasing number of countries throughout the world now have more cellphones than people.
(C) The number of appliances that can be remotely controlled through a cellphone signal has more than tripled in the last few years.
(D) Globaltech’s market share began decreasing at the same time as it stopped adding new features to its cellphones.
(E) In today’s economy, the new time-saving ability to remotely control appliances is being demanded by more and more consumers.

[Reveal] Spoiler: OA
soon


Market Research : Lack of innovative products = Globaltech’s lost market share.
Plan : Planning to market a new product with new feature.
result : The firm will regain its market share.


I am also with (E)
:-D
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Re: QOTD #3 Recent market research has indicated that, because Globaltech [#permalink]

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New post 31 May 2016, 14:14
I have been confused with E and C, and picked E. I would like to ask for a more explicit explanation as I have no idea why it can be E but not C when they are technically both correct. Is it E because its taking about 'todays economy'?

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Re: QOTD #3 Recent market research has indicated that, because Globaltech [#permalink]

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acarpio1 wrote:
I have been confused with E and C, and picked E. I would like to ask for a more explicit explanation as I have no idea why it can be E but not C when they are technically both correct. Is it E because its taking about 'todays economy'?


Based on the argument presented, Globaltech market share has dropped because it has not added the cutting-edge features that consumers demand. So, we have to find an answer which states that remotely controlled appliances are indeed a feature demanded by the consumers.

(C) The number of appliances that can be remotely controlled through a cellphone signal has more than tripled in the last few years.

This statement only says that the technology has advanced. So, few years ago, cellphone signal could be used to control 1 appliance, today it's used to control 3 appliances. It does not give any indication about whether consumers demand this feature (or perceive this feature as cutting-edge).

E) In today’s economy, the new time-saving ability to remotely control appliances is being demanded by more and more consumers.

This statement explicitly states that consumers demand this feature.

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Re: QOTD #3 Recent market research has indicated that, because Globaltech [#permalink]

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Re: QOTD #3 Recent market research has indicated that, because Globaltech [#permalink]

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New post 04 Nov 2016, 17:29
I got it down to C and E. What I think drove E home over the alternative is the fact that the company needs demand for the product. E gives this to us, while it could be the case with C, but it is not known with certainty and we'd have to make an additional assumption.

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Re: QOTD #3 Recent market research has indicated that, because Globaltech [#permalink]

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New post 03 Dec 2016, 03:54
Premise: Recent market research has indicated that, because Globaltech’s current line of cellphones has remained the same over the last few years without adding any cutting-edge features that consumers demand, it has lost considerable market share in the industry.

Conclusion: So, in an attempt TO REGAIN MARKET SHARE, Globaltech has proposed a NEW LINE OF CELLPHONES with the capability of synchronizing various household appliances such as computers, light switches, and even toasters.


The logic behind this new line of cellphones could be that there is a market for such cellphones.

Choice E is correct because it states that:
In today’s economy, the new time-saving ability to remotely control appliances is BEING DEMANDED MORE AND MORE BY THE CONSUMERS.
Exactly matches the pre-thinking.

Choice C is pretty close
The number of appliances that can be remotely controlled through a cellphone signal has more than tripled in the LAST FEW YEARS.
We do not know whether the demand would remain the same or increase in the future or not…….
INCORRECT.
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Re: QOTD #3 Recent market research has indicated that, because Globaltech [#permalink]

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New post 18 Oct 2017, 01:37
For (E), how can we be sure that the growing demand will help Globaltech's cellphones be successful in regaining market share?
By choosing E, we assume that there is no competition or that this technology has not been already implemented by competitors.
Please, kindly clarify.

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Re: QOTD #3 Recent market research has indicated that, because Globaltech   [#permalink] 18 Oct 2017, 01:37
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