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Quiz 2023 GMAT: High Hit-Rate Graduate Management Admission Test Book Free

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Admission Tests Graduate Management Admission Test Sample Questions (Q457-Q462):

NEW QUESTION # 457

A. 0B. 1C. 2D. 3E. 4

Answer: C

NEW QUESTION # 458
The primary purpose of the passage is to

A. identify the effects, both beneficial and detrimental, that gray markets have on manufacturers and authorized retailersB. outline a course of action that manufacturers and authorized retailers can take to gain benefits from gray marketingC. present the results of a study that indicates that under most conditions gray markets are beneficial to manufacturers and authorized retailersD. explain how, in certain types of markets, gray marketing can improve margins and profits for manufacturers and authorized retailersE. provide arguments for and against the view that gray markets are beneficial to manufacturers and authorized retailers

Answer: D

Explanation:
Explanation
Manufacturers and retailers tend to look askance at gray markets, where products are sold at cut-rate prices outside their authorized distribution channels. Manufacturers fear that gray markets will undercut margins and tarnish brand names. Retailers fear that they will siphon away customers and erode prices.
A new study indicates, however, that gray marketing actually benefits manufacturers and retailers in markets that meet two criteria: first, sharp differences exist in consumers' price sensitivity; second, large numbers of consumers are price-insensitive. In such markets, the low prices of the gray market will attract the most price-sensitive customers. The authorized channels will then compete only for the remaining customers-those who are insensitive to price but sensitive to service.
When that happens, the structure of competition and the economics of the market shift. The authorized retailers, freed from having to cater to the bargain hunters, can raise their prices and focus on service. If the concentration of price-insensitive shoppers is high enough, the resulting increase in prices will more than offset the loss of sales to the bargain hunters. The margins and profits of the authorized retailers will increase, and manufacturers will, as a result, be able to boost their wholesale prices.

NEW QUESTION # 459
Technological education is worsening. People between eighteen and twenty-four, who are just emerging from their formal education, are more likely to be technologically illiterate than somewhat older adults. And yet, issues for public referenda will increasingly involve aspects of technology.
Which of the following conclusions can be properly drawn from the statements above?

A. If young people are not to be overly influenced by famous technocrats, they must increase their knowledge of pure science.B. It should be suggested that prospective voters attend applied science courses in order to acquire a minimal competency in technical matters.C. If all young people are to make informed decisions on public referenda, many of them must learn more about technology.D. Thorough studies of technological issues and innovations should be made a required part of the public and private school curriculum.E. On public referenda issues, young people tend to confuse real or probable technologies with impossible ideals.

Answer: C

Explanation:
Explanation/Reference:
Explanation:

NEW QUESTION # 460

A. I, II, and IIIB. I and II onlyC. I onlyD. NoneE. I and III only

Answer: B

NEW QUESTION # 461
Today a certain cinema multiplex has exactly two showings (an early showing and a late showing) for each of five films (Rims A, B, C, D, and E). All of these showings occur after noon, and each showing consists of the film only, with no previews, announcements, or advertisements. The following gives the duration of each film and the start time for each showing:
* Film A (90 minutes); 3:45 and 5:30
* Film B (100 minutes); 1:30 and 7:15
* Film C (105 minutes); 2:00 and 6:00
* Film D (115 minutes); 5:00 and 8:00
* Film E (125 minutes); 12:15 and 7:00
Statement: The early showing of Rim ---------1 overlaps with at least part of both showings of Film ----------2.
Select for / and for 2 the options that complete the statement so that It Is accurate of the showings listed in the Information provided. Make only two selections, one in each column.

Answer:

Explanation:

Explanation

NEW QUESTION # 462
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