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05 Mar 2024, 02:30
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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:
75% (01:43) correct
25%
(02:05)
wrong
based on 254
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A local hardware store is concerned that its sales will diminish when a competing hardware store opens in the same area next month. However, it is actually more likely that the existing store’s sales will increase. Over the next few months, due to high demand for mixeduse residential and commercial buildings, over three times as many construction projects will be started in the area as were started over the past five years.
The argument above depends on which of the following assumptions?
(A) The managers of the new construction projects will purchase an equal amount of material from both hardware stores.
(B) The construction projects will require the purchase of materials that are sold at the existing hardware store.
(C) The materials sold at the existing store are higher in quality than those to be sold at the new hardware store.
(D) The area revitalization spurred by new mixed-use developments will encourage local residents to perform improvements on their own homes.
(E) The existing hardware store will lower its prices below those of its competitors to attract new customers.
The argument above depends on which of the following assumptions?
(A) The managers of the new construction projects will purchase an equal amount of material from both hardware stores.
(B) The construction projects will require the purchase of materials that are sold at the existing hardware store.
(C) The materials sold at the existing store are higher in quality than those to be sold at the new hardware store.
(D) The area revitalization spurred by new mixed-use developments will encourage local residents to perform improvements on their own homes.
(E) The existing hardware store will lower its prices below those of its competitors to attract new customers.
DhruvBadaya
Joined: 27 Feb 2024
Last visit: 02 Apr 2026
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Location: India
Schools: IIMA '25 (II)
05 Mar 2024, 03:02
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A local hardware store is concerned that its sales will diminish when a competing hardware store opens in the same area next month. However, it is actually more likely that the existing store’s sales will increase. Over the next few months, due to high demand for mixeduse residential and commercial buildings, over three times as many construction projects will be started in the area as were started over the past five years.
The argument above depends on which of the following assumptions?
(A) The managers of the new construction projects will purchase an equal amount of material from both hardware stores. So, what? He can purchase 1 stick from both shops or 30,000 bricks. We do not know.
(B) The construction projects will require the purchase of materials that are sold at the existing hardware store. This can be the answer. If the materials are not available at hardware store, then how will the sales increase.
(C) The materials sold at the existing store are higher in quality than those to be sold at the new hardware store. So, what? What if the manager wants to build a cheap home with cheap quality products.
(D) The area revitalization spurred by new mixed-use developments will encourage local residents to perform improvements on their own homes. So, what? How do you know locals will buy from the old store.
(E) The existing hardware store will lower its prices below those of its competitors to attract new customers. So, what? Is it guaranteed that new customers will flock in after lowering prices?
This cuts off four options and leaves us with only one option: B. Irrespective of whether it is right or wrong, it is the best answer. Hence, B should be the answer.
The argument above depends on which of the following assumptions?
(A) The managers of the new construction projects will purchase an equal amount of material from both hardware stores. So, what? He can purchase 1 stick from both shops or 30,000 bricks. We do not know.
(B) The construction projects will require the purchase of materials that are sold at the existing hardware store. This can be the answer. If the materials are not available at hardware store, then how will the sales increase.
(C) The materials sold at the existing store are higher in quality than those to be sold at the new hardware store. So, what? What if the manager wants to build a cheap home with cheap quality products.
(D) The area revitalization spurred by new mixed-use developments will encourage local residents to perform improvements on their own homes. So, what? How do you know locals will buy from the old store.
(E) The existing hardware store will lower its prices below those of its competitors to attract new customers. So, what? Is it guaranteed that new customers will flock in after lowering prices?
This cuts off four options and leaves us with only one option: B. Irrespective of whether it is right or wrong, it is the best answer. Hence, B should be the answer.
05 Mar 2024, 08:26
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The correct assumption would likely be:
(B) The construction projects will require the purchase of materials that are sold at the existing hardware store.
This is because the argument relies on the premise that the increase in construction projects will lead to an increase in demand for hardware materials, which are presumably sold at the existing hardware store. If the materials needed for the construction projects are not sold at the existing store, then the increase in construction projects would not necessarily lead to an increase in sales for the existing store.
(B) The construction projects will require the purchase of materials that are sold at the existing hardware store.
This is because the argument relies on the premise that the increase in construction projects will lead to an increase in demand for hardware materials, which are presumably sold at the existing hardware store. If the materials needed for the construction projects are not sold at the existing store, then the increase in construction projects would not necessarily lead to an increase in sales for the existing store.
