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655-705 (Hard)|   Inference|      
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gmatbull
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Not all successful product launches depend on filling an 07 Sep 2010, 00:26
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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:

55% (hard)

Question Stats:

62% (01:52) correct 38% (02:05) wrong based on 641 sessions

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Not all successful product launches depend on filling an existing consumer need. Some successful products appeal not to necessity, but to whimsy—like the Pet Rock or the Slinky—and others are compelling to consumers merely because of the status they offer—like designer handbags

Which of the following conclusions is best supported by the statements to the left, assuming that those statements are true?

A. Commercial success can come from designing an appealing toy.

B: Designer goods are often a profitable venture, assuming that the label has some cachet built in.

C: A thorough examination of a product’s commercial viability must take into account several different factors.

D: Another commercially viable product was the robot vacuum cleaner.

E: Many of the best-established designers actually license out their names for use on product lines in which they do not personally participate.

I am posting for the benefit of exchanging ideas;
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C
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Dawgie
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Not all successful product launches depend on filling an 07 Sep 2010, 10:00
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gmatbull
Not all successful product launches depend on filling an existing consumer need. Some successful products appeal not to necessity, but to whimsy—like the Pet Rock or the Slinky—and others are compelling to consumers merely because of the status they offer—like designer handbags

Which of the following conclusions is best supported by the statements to the left, assuming that those statements are true?

A. Commercial success can come from designing an appealing toy.
In the stimulus, the toys were successful because they were whimsy.

B: Designer goods are often a profitable venture, assuming that the label has some cachet built in.
Stimulus does not say often.
C: A thorough examination of a product’s commercial viability must take into account several different factors.
This is answer, stimulus mentions three factors: Necessity, whimsy or not, and status.
D: Another commercially viable product was the robot vacuum cleaner.
Not mentioned
E: Many of the best-established designers actually license out their names for use on product lines in which they do not personally participate.
Not nentioned at all
I am posting for the benefit of exchanging ideas;
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Appreciate your in depth analysis iPinnacle.
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Not all successful product launches depend on filling an 07 Sep 2010, 17:36
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Since this is an inference question, the correct answer choice must fulfill the condition that it is fully supported by the stimulus. What can we infer from the stimulus?

1. Some successful product launches depend on fulfilling existing consumer need.
2. Some of them appeal to whimsy instead of necessity.
3. Some of them are appealing for the status they offer

Now let's look at the answer choices.

gmatbull
Not all successful product launches depend on filling an existing consumer need. Some successful products appeal not to necessity, but to whimsy—like the Pet Rock or the Slinky—and others are compelling to consumers merely because of the status they offer—like designer handbags

Which of the following conclusions is best supported by the statements to the left, assuming that those statements are true?

A. Commercial success can come from designing an appealing toy. Are we told anything about this? No. Incorrect.

B: Designer goods are often a profitable venture, assuming that the label has some cachet built in. We aren't told about this either. Out of Scope.

C: A thorough examination of a product’s commercial viability must take into account several different factors. This is true. We are told to consider three aspects before evaluating success. Correct Answer.

D: Another commercially viable product was the robot vacuum cleaner. Out-of-scope and irrelevant.

E: Many of the best-established designers actually license out their names for use on product lines in which they do not personally participate. We don't know anything about this; new information/irrelevant.

I am posting for the benefit of exchanging ideas;
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This is a good question from GROCKIT. Some of the questions there are really nice and some aren't.
A good post nevertheless.

Ofcourse, it is C.

thanks.
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@ Dawgie and whiplash2411

Looking at the answer choices, option B looked the most appealing to me. However looking down at your post you had noted the following.

whiplash2411
B: Designer goods are often a profitable venture, assuming that the label has some cachet built in. We aren't told about this either. Out of Scope.
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Dawgie
B: Designer goods are often a profitable venture, assuming that the label has some cachet built in.
Stimulus does not say often.
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My question -- "How did you rule out the possibility of the Answer choice B completely?" -- The stimulus noted that [highlight]"others are compelling to consumers merely because of the status they offer—like designer handbags"[/highlight] and option B talks about goods or labels with some cachet built in.
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Not all successful product launches depend on filling an 07 Sep 2010, 21:33
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@ Dawgie and whiplash2411

Looking at the answer choices, option B looked the most appealing to me. However looking down at your post you had noted the following.

whiplash2411
B: Designer goods are often a profitable venture, assuming that the label has some cachet built in. We aren't told about this either. Out of Scope.

Dawgie
B: Designer goods are often a profitable venture, assuming that the label has some cachet built in.
Stimulus does not say often.

My question -- "How did you rule out the possibility of the Answer choice B completely?" -- The stimulus noted that [highlight]"others are compelling to consumers merely because of the status they offer—like designer handbags"[/highlight] and option B talks about goods or labels with some cachet built in.
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ezhilkumarank,

Actually appreciate you questioning further, the answer choice says, "are often a profitable venture". The portion of the stimulus that refers to designer foods does not really talk about frequency.

Thanks,
Dawg
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Not all successful product launches depend on filling an 07 Sep 2010, 21:34
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I pick A :(

Thanks dawgie for the explanation
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As dawgie mentioned, profitability is not mentioned. It might compel a SMALL fraction of consumers to buy it, or else it wouldn't be a status symbol. We are not explicitly told anything about how profitable it is, just that designer labels compel some people to buy it.
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@ dawgie and whiplash2411.

Thanks for the explanation. Appreciate it. +1 to you both :-D.
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