GMAT Question of the Day - Daily to your Mailbox; hard ones only

It is currently 24 Sep 2018, 14:39

Close

GMAT Club Daily Prep

Thank you for using the timer - this advanced tool can estimate your performance and suggest more practice questions. We have subscribed you to Daily Prep Questions via email.

Customized
for You

we will pick new questions that match your level based on your Timer History

Track
Your Progress

every week, we’ll send you an estimated GMAT score based on your performance

Practice
Pays

we will pick new questions that match your level based on your Timer History

Not interested in getting valuable practice questions and articles delivered to your email? No problem, unsubscribe here.

Close

Request Expert Reply

Confirm Cancel

The pace of new technology brings a constant stream of new

  new topic post reply Question banks Downloads My Bookmarks Reviews Important topics  
Author Message
TAGS:

Hide Tags

Manager
Manager
avatar
Joined: 09 May 2009
Posts: 187
The pace of new technology brings a constant stream of new  [#permalink]

Show Tags

New post 21 Dec 2009, 22:13
4
1
5
00:00
A
B
C
D
E

Difficulty:

  75% (hard)

Question Stats:

41% (01:46) correct 59% (02:17) wrong based on 215 sessions

HideShow timer Statistics

The pace of new technology brings a constant stream of new devices to the market and many of them enjoy commercial success.But analysts warn that announcing new technology too soon after the introduction of a successful device can backfire: consumers may resent feeling pressured to spend money to replace a device they have just purchased, even if the new technology is clearly superior.The result is that consumers either do not buy the old device in anticipation of the new one, or they do not buy t he new device out of resentment over having already spent their money on the old one. So if a company wishes to introduce a new device, it should wait until purchases of the old device have begun to decline.

Which of the following, if true, would best support the claims made above?

a• New technology often becomes less expensive after an initial surge in sales.

b. Media outlets such as television and magazines often report on the planned introduction of new devices while sales of old devices are still strong.

c• Consumers are usually able to determine whether new technology is superior to current technology.

d• Surveys have shown that consumers prefer to make only one or two technology purchases per year.

e• Consumers tend to be loyal to technology companies whose products they enjoy using.

i am surprised by OA , will let u knw soon

_________________

GMAT is not a game for losers , and the moment u decide to appear for it u are no more a loser........ITS A BRAIN GAME

Most Helpful Community Reply
Manager
Manager
User avatar
Joined: 21 Dec 2009
Posts: 195
Location: India
The pace of new technology brings a constant stream of new  [#permalink]

Show Tags

New post 04 Sep 2010, 13:58
1
6
The pace of new technology brings a constant stream of new
devices to the market and many of them enjoy commercial success.
But analysts warn that announcing new technology too soon after
the introduction of a successful device can backfire: consumers may
resent feeling pressured to spend money to replace a device they
have just purchased, even if the new technology is clearly superior.
The result is that consumers either do not buy the old device in
anticipation of the new one, or they do not buy the new device out
of resentment over having already spent their money on the old
one. So if a company wishes to introduce a new device, it should
wait until purchases of the old device have begun to decline.

Which of the following, if true, would best support the claims made
above?
· New technology often becomes less expensive after an initial
surge in sales.
· Media outlets such as television and magazines often report on
the planned introduction of new devices while sales of old
devices are still strong.
· Consumers are usually able to determine whether new
technology is superior to current technology.
· Surveys have shown that consumers prefer to make only one
or two technology purchases per year.
· Consumers tend to be loyal to technology companies whose
products they enjoy using.
_________________

Cheers,
SD

General Discussion
Manager
Manager
avatar
Status: Applying
Joined: 19 Jul 2009
Posts: 126
Location: United Kingdom
Concentration: General Management, Strategy
GPA: 3.65
WE: Consulting (Telecommunications)
Re: The pace of new technology brings a constant stream of new  [#permalink]

Show Tags

New post 22 Dec 2009, 06:54
Not too sure :(

Please can someone post Expl. along with the OA...

Many Thanks....
Manager
Manager
User avatar
Joined: 25 Aug 2009
Posts: 137
Location: Streamwood IL
Schools: Kellogg(Evening),Booth (Evening)
WE 1: 5 Years
Re: The pace of new technology brings a constant stream of new  [#permalink]

Show Tags

New post 22 Dec 2009, 11:27
Tough one-
C looks vaguely correct, but honestly I am clueless.
_________________

Rock On

Manager
Manager
User avatar
Joined: 25 Aug 2009
Posts: 137
Location: Streamwood IL
Schools: Kellogg(Evening),Booth (Evening)
WE 1: 5 Years
Re: The pace of new technology brings a constant stream of new  [#permalink]

Show Tags

New post 22 Dec 2009, 12:55
On second thought I pick B
Reason: Inconsistent punctuation after the alphabet choice :-D .
_________________

Rock On

Math Expert
User avatar
V
Joined: 02 Aug 2009
Posts: 6808
Re: The pace of new technology brings a constant stream of new  [#permalink]

Show Tags

New post 22 Dec 2009, 13:02
E...
if they are loyal they will stick to the coy and buy its new technology when it comes...
but if they are not they will easily switch over to any competitors product.
_________________

1) Absolute modulus : http://gmatclub.com/forum/absolute-modulus-a-better-understanding-210849.html#p1622372
2)Combination of similar and dissimilar things : http://gmatclub.com/forum/topic215915.html
3) effects of arithmetic operations : https://gmatclub.com/forum/effects-of-arithmetic-operations-on-fractions-269413.html


GMAT online Tutor

Senior Manager
Senior Manager
avatar
Joined: 16 Apr 2009
Posts: 272
Re: The pace of new technology brings a constant stream of new  [#permalink]

Show Tags

New post 22 Dec 2009, 20:08
This question is tough and i think in 700 bracket

Anyway , my take is B

Conclusion:-
if a company wishes to introduce a new device, it should wait until purchases of the old device have begun to decline.
Option B suggests that introducing planned introduction of new devices while sales of old devices are still strong will lead to consumers resentment and impact on sales
_________________

Always tag your question

Intern
Intern
User avatar
Joined: 15 Dec 2009
Posts: 16
Schools: Any offering one year MBA
WE 1: Information Tech
WE 2: Event Consultant for FIFA addi events and WC
Re: The pace of new technology brings a constant stream of new  [#permalink]

Show Tags

New post 22 Dec 2009, 23:35
C bcoz

consumers may resent feeling pressured to spend money to replace a device they have just purchased, even if the new technology is clearly superior

A Consumer would try to replace a device if he or she thinks it is outdated. This means that the consumer would have some knowledge of the technology that he or she is using now to that is currently available in the market.

OA ??
_________________

K 4 KUDOS

Manager
Manager
avatar
Joined: 09 May 2009
Posts: 187
Re: The pace of new technology brings a constant stream of new  [#permalink]

Show Tags

New post 23 Dec 2009, 02:05
OA is B

hope explanation in this link will help u , the way it helped me to understand the logic

http://www.beatthegmat.com/pace-of-new- ... 49567.html
_________________

GMAT is not a game for losers , and the moment u decide to appear for it u are no more a loser........ITS A BRAIN GAME

Retired Moderator
avatar
B
Joined: 02 Oct 2009
Posts: 528
GMAT 1: 530 Q47 V17
GMAT 2: 710 Q50 V36
WE: Business Development (Consulting)
GMAT ToolKit User Premium Member Reviews Badge
The pace of new technology brings a constant stream of new  [#permalink]

Show Tags

New post 10 May 2010, 02:34
The pace of new technology brings a constant stream of new devices to the market and many of them enjoy commercial success.But analysts warn that announcing new technology too soon after the introduction of a successful device can backfire: consumers may resent feeling pressured to spend money to replace a device they have just purchased, even if the new technology is clearly superior. The result is that consumers either do not buy the old device in anticipation of the new one, or they do not buy the new device out of resentment over having already spent their money on the old one. So if a company wishes to introduce a new device, it should wait until purchases of the old device have begun to decline.

Which of the following, if true, would best support the claims made above?

a· New technology often becomes less expensive after an initial surge in sales.

b. Media outlets such as television and magazines often report on the planned introduction of new devices while sales of old devices are still strong.

c· Consumers are usually able to determine whether new technology is superior to current technology.

d· Surveys have shown that consumers prefer to make only one or two technology purchases per year.

e· Consumers tend to be loyal to technology companies whose products they enjoy using.
Intern
Intern
avatar
Joined: 27 Apr 2010
Posts: 3
Re: The pace of new technology brings a constant stream of new  [#permalink]

Show Tags

New post 10 May 2010, 08:21
RaviChandra wrote:
The pace of new technology brings a constant stream of new devices to the market and many of them enjoy commercial success.But analysts warn that announcing new technology too soon after the introduction of a successful device can backfire: consumers may resent feeling pressured to spend money to replace a device they have just purchased, even if the new technology is clearly superior.The result is that consumers either do not buy the old device in anticipation of the new one, or they do not buy t he new device out of resentment over having already spent their money on the old one. So if a company wishes to introduce a new device, it should wait until purchases of the old device have begun to decline.

Which of the following, if true, would best support the claims made above?

a· New technology often becomes less expensive after an initial surge in sales.

b. Media outlets such as television and magazines often report on the planned introduction of new devices while sales of old devices are still strong.

c· Consumers are usually able to determine whether new technology is superior to current technology.

d· Surveys have shown that consumers prefer to make only one or two technology purchases per year.

e· Consumers tend to be loyal to technology companies whose products they enjoy using.





Hi !!!!...

Is the right answer "D"...

Didnt see any answers given for the ques. :)
Manager
Manager
avatar
Joined: 01 Feb 2010
Posts: 238
Re: The pace of new technology brings a constant stream of new  [#permalink]

Show Tags

New post 10 May 2010, 08:55
RaviChandra wrote:
The pace of new technology brings a constant stream of new devices to the market and many of them enjoy commercial success.But analysts warn that announcing new technology too soon after the introduction of a successful device can backfire: consumers may resent feeling pressured to spend money to replace a device they have just purchased, even if the new technology is clearly superior.The result is that consumers either do not buy the old device in anticipation of the new one, or they do not buy t he new device out of resentment over having already spent their money on the old one. So if a company wishes to introduce a new device, it should wait until purchases of the old device have begun to decline.

Which of the following, if true, would best support the claims made above?

a· New technology often becomes less expensive after an initial surge in sales.: Not relevant

b. Media outlets such as television and magazines often report on the planned introduction of new devices while sales of old devices are still strong. Against conclusion

c· Consumers are usually able to determine whether new technology is superior to current technology. Not relevant

d· Surveys have shown that consumers prefer to make only one or two technology purchases per year. Support

e· Consumers tend to be loyal to technology companies whose products they enjoy using.Not relevant


Conclusion is "consumers either do not buy the old device in anticipation of the new one, or they do not buy t he new device out of resentment over having already spent their money on the old one"
Manager
Manager
avatar
Joined: 04 May 2009
Posts: 119
Location: London
Schools: Haas (WL), Kellogg (matricultating), Stanford (R2, ding), Columbia (ding)
WE 1: 3 years hotel industry sales and marketing France
WE 2: 3 years financial industry marketing UK
Re: The pace of new technology brings a constant stream of new  [#permalink]

Show Tags

New post 10 May 2010, 13:09
bangalorian2000 wrote:
RaviChandra wrote:
The pace of new technology brings a constant stream of new devices to the market and many of them enjoy commercial success.But analysts warn that announcing new technology too soon after the introduction of a successful device can backfire: consumers may resent feeling pressured to spend money to replace a device they have just purchased, even if the new technology is clearly superior.The result is that consumers either do not buy the old device in anticipation of the new one, or they do not buy t he new device out of resentment over having already spent their money on the old one. So if a company wishes to introduce a new device, it should wait until purchases of the old device have begun to decline.

Which of the following, if true, would best support the claims made above?

a· New technology often becomes less expensive after an initial surge in sales.: Not relevant

b. Media outlets such as television and magazines often report on the planned introduction of new devices while sales of old devices are still strong. Against conclusion

c· Consumers are usually able to determine whether new technology is superior to current technology. Not relevant

d· Surveys have shown that consumers prefer to make only one or two technology purchases per year. Support

e· Consumers tend to be loyal to technology companies whose products they enjoy using.Not relevant


Conclusion is "consumers either do not buy the old device in anticipation of the new one, or they do not buy t he new device out of resentment over having already spent their money on the old one"


Bangalorian, I think you misunderstood the conclusion. I believe the conclusion is "So if a company wishes to introduce a new device, it should wait until purchases of the old device have begun to decline."

We need to find an answer choice that will support the claim that companies should introduce a new device only when sales of the old device are decreasing.

Looking at answer choices:
A: not relevant
B: it says that media announce the plans for new devices when sales of old devices are still strong. The word announce is very important here because it means that plans for new devices are announced to consumers who will then stop purchasing the old device to wait for the new (as the argument suggests). Sales of the old device will drop and it will be a good time to launch the new device soon. Correct answer
C: completely irrelevant
D: that doesn't support neither weakens the argument's conclusion. Knowing that consumers make only one or two pruchases a year doesn't mean that they won't buy a new device after having bought an old one as we do not know what timeline is between the old and new
E: that would rather weaken


OA please?
_________________

Yes I can!

Manhattan Prep Instructor
User avatar
Affiliations: ManhattanGMAT
Joined: 21 Jan 2010
Posts: 339
Location: San Francisco
Re: The pace of new technology brings a constant stream of new  [#permalink]

Show Tags

New post 10 May 2010, 19:33
1
Hey All,

I was private messaged about this question, so I'm here to do my best with it. I've seen it before, but it's never been one of my favorites. Anyone know where it's from (maybe it's MGMAT!). Let's take a look:

The pace of new technology brings a constant stream of new devices to the market and many of them enjoy commercial success. But analysts warn that announcing new technology too soon after the introduction of a successful device can backfire: consumers may resent feeling pressured to spend money to replace a device they have just purchased, even if the new technology is clearly superior. The result is that consumers either do not buy the old device in anticipation of the new one, or they do not buy t he new device out of resentment over having already spent their money on the old one. So if a company wishes to introduce a new device, it should wait until purchases of the old device have begun to decline.

Conclusion: If introducing a new device, don't ANNOUNCE until old device purchases down.
Premise: Consumers don't want to buy new tech soon after old tech. This means they don't buy old tech if they know new tech is coming.

We want to strengthen this argument.

a· New technology often becomes less expensive after an initial surge in sales.
PROBLEM: We don't actually care about the amount of money made, only all the sales.

b. Media outlets such as television and magazines often report on the planned introduction of new devices while sales of old devices are still strong.
ANSWER: If media outlets report new devices even while sales of old devices are strong, then announcing it is super dangerous, because word will get out and people will stop buying the old product. Best not to announce until old sales have gone down, because then the coverage won't hurt the old device sales.

c· Consumers are usually able to determine whether new technology is superior to current technology.
PROBLEM: The issue isn't about what's better, just newer.

d· Surveys have shown that consumers prefer to make only one or two technology purchases per year.
PROBLEM: This strengthens the idea of not releasing technology too often, not the notion that one should wait to announce something until old sales are down.

e· Consumers tend to be loyal to technology companies whose products they enjoy using.
PROBLEM: This has nothing to do with loyalty at all. The question is if people will keep buying new products from the same company if they know that something better is coming.

Hope that helps!

-tommy
_________________


Tommy Wallach | Manhattan GMAT Instructor | San Francisco


Manhattan GMAT Discount | Manhattan GMAT Reviews

Manager
Manager
User avatar
Joined: 04 Feb 2009
Posts: 203
Location: Ukraine
Schools: Ross 2013
WE 1: Pharmaceutical industry 5 years, C level
GMAT ToolKit User
Re: The pace of new technology brings a constant stream of new  [#permalink]

Show Tags

New post 28 May 2010, 05:51
yup,
it is for the reason explained by TommyWallach.
there is nothing to add
Senior Manager
Senior Manager
avatar
Joined: 12 Apr 2010
Posts: 424
Re: The pace of new technology brings a constant stream of new  [#permalink]

Show Tags

New post 28 May 2010, 06:23
OK Corrected Ans is B

I get it now if the products are marketed then the people will stop buying the old products and wait for new

The Q and A are quite confusing as the Q is to strengthen the conclusion that companies should not release new products till the sales of old products have gone down.

And even though the ans makes sense, its quite illogical if the same company advertises itself to drive the sales of old products down to make way for new.
_________________

If you found the reply to be helpful, give kudos.

BSchool Thread Master
avatar
Joined: 19 Feb 2010
Posts: 357
Re: The pace of new technology brings a constant stream of new  [#permalink]

Show Tags

New post 28 May 2010, 07:29
bangalorian2000 wrote:
The result is that consumers either do not buy the old device in anticipation of the new one, or they do not buy t he new device out of resentment over having already spent their money on the old one. So if a company wishes to introduce a new device, it should wait until purchases of the old device have begun to decline.

Conclusion is "consumers either do not buy the old device in anticipation of the new one, or they do not buy t he new device out of resentment over having already spent their money on the old one"


Man, they do try to confuse you. Using "the result is that..." almost at the end of the passage makes you believe that this is the conclusion. But in reality, the conclusion comes only in the last sentence, written in a way that won't make you pay attention because it's not eloquent.
Sometimes the conclusion is at the beginning, and they only explain the reasoning in the following sentences.
And, if the question is something like: which of the following, if true, would strengthen the statements above?, it really doesn't help because it doesn't call for the conclusion, it could be any part of the reasoning. Then, it may seem to you that several of the answer choices support the above statements.
You really need to be careful and understand the passage, before reading what they want you to answer.
Intern
Intern
avatar
Affiliations: NCC,SAE,YHIA
Joined: 04 May 2010
Posts: 40
Location: Mumbai , India
WE 1: 3 years international sales & mktg-projects
Re: The pace of new technology brings a constant stream of new  [#permalink]

Show Tags

New post 04 Sep 2010, 14:47
P1-quick product launches bfire
P2-consmrs resent buying new 1 , even if better
P3-consmrs dont buy -either due to anticipation of new 1 or due 2 resentment of buying old 1
C* if comp. wants 2 launch new prdct, wait till sales of old decline.

Question stem: which of follow. if true, best support ==> strengthen Q

A.New technology often becomes less expensive after an initial surge in sales.
Opposite, will make companies to launch products quickly as they can make higher profits due to cost reduction.
B.Media outlets such as television and magazines often report on the planned introduction of new devices while sales of old devices are still strong.
Reporting new product while old sales are strong will make more people aware and reduce the sales of old P.
C.Consumers are usually able to determine whether new technology is superior to current technology.
No impact on argument, as it is already stated that cnsmrs will not buy even if the new product is better.
D.Surveys have shown that consumers prefer to make only one or two technology purchases per year.
Opposite answer, if companies know that consmrs will buy only one or two products, then its no point in addressing the resentment of earlier buys, anyways they are not going to buy new product. so companies will quickly launch new products.
E.Consumers tend to be loyal to technology companies whose products they enjoy using.
Opposite or out of scope, if customers are loyal , new product launch will not cause any resentment in earlier buyers.

Its B.
_________________

Sun Tzu-Victorious warriors win first and then go to war, while defeated warriors go to war first and then seek to win.

SVP
SVP
User avatar
Status: Three Down.
Joined: 09 Jun 2010
Posts: 1861
Concentration: General Management, Nonprofit
GMAT ToolKit User
Re: The pace of new technology brings a constant stream of new  [#permalink]

Show Tags

New post 05 Sep 2010, 17:23
2
Let's look at what the stimulus says and what the conclusion is.

Premise: New technology introduced immediately after the previous one can backfire. Why?
1. Consumers may want to wait for the new one and not get the old one
2. Consumers who bought the old one will not want to buy the new one.

Conclusion: New devices should not be introduced until old device purchase goes down.

Now let's look at the answer choices.

SudiptoGmat wrote:
The pace of new technology brings a constant stream of new devices to the market and many of them enjoy commercial success. But analysts warn that announcing new technology too soon after the introduction of a successful device can backfire: consumers may resent feeling pressured to spend money to replace a device they have just purchased, even if the new technology is clearly superior. The result is that consumers either do not buy the old device in anticipation of the new one, or they do not buy the new device out
of resentment over having already spent their money on the old one. So if a company wishes to introduce a new device, it should wait until purchases of the old device have begun to decline.

Which of the following, if true, would best support the claims made above?

· New technology often becomes less expensive after an initial surge in sales. This is irrelevant. The price of the technology is not talked about here. Incorrect.
· Media outlets such as television and magazines often report on the planned introduction of new devices while sales of old devices are still strong. This is true. If they start advertising early on, it'd definitely support the fact that people would wait to buy the new one and hence not get the new one, while people who have the old one would feel resentment. Hence correct.
· Consumers are usually able to determine whether new technology is superior to current technology. This doesn't matter in the context of discussion. Hence incorrect.
· Surveys have shown that consumers prefer to make only one or two technology purchases per year. This seems to be out-of-scope as well. The number of purchases doesn't say anything about preference.
· Consumers tend to be loyal to technology companies whose products they enjoy using. That doesn't necessarily mean anything useful to our context of discussion. Hence incorrect.
Senior Manager
Senior Manager
User avatar
Affiliations: Volunteer Operation Smile India, Creative Head of College IEEE branch (2009-10), Chief Editor College Magazine (2009), Finance Head College Magazine (2008)
Joined: 26 Jul 2010
Posts: 383
Location: India
WE2: Entrepreneur (E-commerce - The Laptop Skin Vault)
Concentration: Marketing, Entrepreneurship
GMAT 1: 710 Q49 V38
WE: Marketing (Other)
GMAT ToolKit User
Re: The pace of new technology brings a constant stream of new  [#permalink]

Show Tags

New post 06 Sep 2010, 11:08
A little confusing at first but you get it after a second glance.
_________________

Kidchaos

http://www.laptopskinvault.com

Follow The Laptop Skin Vault on:
Facebook: http://www.facebook.com/TheLaptopSkinVault
Twitter: http://www.twitter.com/LaptopSkinVault

Consider Kudos if you think the Post is good
Unless someone like you cares a whole awful lot. Nothing is going to change. It's not. - Dr. Seuss

GMAT Club Bot
Re: The pace of new technology brings a constant stream of new &nbs [#permalink] 06 Sep 2010, 11:08

Go to page    1   2    Next  [ 32 posts ] 

Display posts from previous: Sort by

The pace of new technology brings a constant stream of new

  new topic post reply Question banks Downloads My Bookmarks Reviews Important topics  

Events & Promotions

PREV
NEXT


Copyright

GMAT Club MBA Forum Home| About| Terms and Conditions and Privacy Policy| GMAT Club Rules| Contact| Sitemap

Powered by phpBB © phpBB Group | Emoji artwork provided by EmojiOne

Kindly note that the GMAT® test is a registered trademark of the Graduate Management Admission Council®, and this site has neither been reviewed nor endorsed by GMAC®.