Events & Promotions
|
|
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
Track
Your Progress
Practice
Pays
Not interested in getting valuable practice questions and articles delivered to your email? No problem, unsubscribe here.
Apr 2711:00 AM EDT
-12:00 PM EDT
Prefer video-based learning? The Target Test Prep OnDemand course is a one-of-a-kind video masterclass featuring 400 hours of lecture-style teaching by Scott Woodbury-Stewart, founder of Target Test Prep and one of the most accomplished GMAT instructors
Apr 2808:00 AM PDT
-11:00 AM PDT
Whether you are just beginning your MBA journey or fine-tuning your path to a 700+ score, GMAT Day is designed to give you a competitive edge.
Apr 2912:30 AM EDT
-01:30 AM EDT
Learn how Kamakshi achieved a GMAT 675 with an impressive 96th %ile in Data Insights. Discover the unique methods and exam strategies that helped her excel in DI along with other sections for a balanced and high score.
Apr 3001:30 AM EDT
-02:30 AM EDT
At one point, she believed GMAT wasn’t for her. After scoring 595, self-doubt crept in and she questioned her potential. But instead of quitting, she made the right strategic changes. The result? A remarkable comeback to 695. Check out how Saakshi did it.
May 0111:00 AM PDT
-12:00 PM PDT
Free- full-length test + 15 concept videos + 150+ short videos + study plan!
May 0306:30 AM PDT
-08:30 AM PDT
Verbal trouble on GMAT? Fix it NOW! Join Sunita Singhvi for a focused webinar on actionable strategies to boost your Verbal score and take your performance to the next level.
18 Oct 2021, 07:30
Kudos
Bookmarks
B
Be sure to select an answer first to save it in the Error Log before revealing the correct answer (OA)!
Difficulty:
25%
(medium)
Question Stats:
76% (01:38) correct
24%
(01:44)
wrong
based on 243
sessions
History
Date
Time
Result
Not Attempted Yet
Consumers seek to purchase the highest quality at the lowest prices. Companies that do not offer products that attract consumers eventually go bankrupt. Therefore, companies that offer neither the best quality nor the lowest price will eventually go bankrupt.
The conclusion above follows logically if which one of the following is assumed?
(A) No company succeeds in producing a product that is both highest in quality and lowest in price.
(B) Products that are neither highest in quality nor lowest in price do not attract consumers.
(C) Any company that offers either the highest quality or the lowest price will avoid bankruptcy.
(D) Some consumers will not continue to patronize a company purely out of brand loyalty.
(E) No company is driven from the market for reasons other than failing to meet consumer demands.
The conclusion above follows logically if which one of the following is assumed?
(A) No company succeeds in producing a product that is both highest in quality and lowest in price.
(B) Products that are neither highest in quality nor lowest in price do not attract consumers.
(C) Any company that offers either the highest quality or the lowest price will avoid bankruptcy.
(D) Some consumers will not continue to patronize a company purely out of brand loyalty.
(E) No company is driven from the market for reasons other than failing to meet consumer demands.
23 Oct 2021, 06:00
Kudos
Bookmarks
Bunuel
EXPLANATION FROM Fox LSAT
This argument ignores the middle ground. Basically it says customers want cheap, and they want quality. So if you’re not either Wal-Mart (cheap) or Apple (quality), you’re going bankrupt. My objection is: What about Costco? They offer very nice stuff (but not the best), at very fair prices (but not the absolute cheapest).
The question then asks us to prove the argument. So the answer choice needs to eliminate the middle ground. I’m looking for something that would mean Costco, in my example above, doesn’t exist.
A) This doesn’t do it. Costco, in my example, doesn’t claim to offer both the best and the cheapest. I’m looking for an answer choice that eliminates the middle ground.
B) This would do it, because if it’s true then nobody would shop at Costco. Everyone would go to either Wal-Mart (cheapest) or Apple (the best).
C) This wouldn’t eliminate Costco, so it’s not the answer.
D) This is weak because it uses the word “some.” This type of question (Sufficient Assumption) prefers a stronger answer choice. So I’m skeptical. Plus, brand loyalty isn’t mentioned. I don’t see how this would eliminate Costco if it were true.
E) This, if true, could only weaken the argument. We’re looking to strengthen.
Our answer is B.
22 May 2024, 19:04
Kudos
Bookmarks
Automated notice from GMAT Club VerbalBot:
A member just gave Kudos to this thread, showing it’s still useful. I’ve bumped it to the top so more people can benefit. Feel free to add your own questions or solutions.
This post was generated automatically.
A member just gave Kudos to this thread, showing it’s still useful. I’ve bumped it to the top so more people can benefit. Feel free to add your own questions or solutions.
This post was generated automatically.
