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Consumers appreciate free products more than they appreciate discounted products when such products are paired with full priced high-end products. The reason behind the same could be the monetary value they attach to various goods. Research shows that consumers tend to believe that the monetary value of the free product is probably consistent with the value of the high end purchased product with which it is being offered for free. However, when a discounted product is paired with a high-end product, consumers attach less monetary value to it than they would have had the same product been offered for free.
Which of the following best supports the conclusion as stated above?
  • a)
    Before making a purchase decision, consumers thoroughly check the price of the products with which free or discounted products are paired.
  • b)
    It is highly unlikely that consumers would ever actually buy most of the products offered for free with the high-end purchased products.
  • c)
    Consumers are aware that the price of the product offered for free or on discount never exactly matches the cost of the high-end product to the retailer.
  • d)
    In an experiment, the customers of a gold jewelry shop who were given a free bottle of wine with a certain purchase expressed more satisfaction than the customers who were offered the same wine for one dollar when they made the same purchase.
  • e)
    Customers in general are aware of the actual price of the products even when these products are offered for free or on discount.
Correct answer is option 'D'. Can you explain this answer?
Verified Answer
Consumers appreciate free products more than they appreciate discounte...
Pre-Thinking
Conclusion Clarification
N/A
Pre-Thinking Approach
Let’s see how we can increase our belief in the explanation proposed by the author.  To do so, we will look at the logical structure, focusing on linkage 1.
Linkage#1: (ref.: logical structure)
  • Strengthener: A piece of evidence showing that the same product garnered different satisfaction levels in two different situations- when offered for free with an HE-P and when offered on discount with an HE-P.
    • Instance: Those customers of a luxury hand-bag brand who were offered a free wallet with their purchase of hand-bags were more satisfied than those who were offered the same wallet on discount with their purchase of comparable hand bags.
With this pre-thinking in mind, let’s evaluate the answer choices.
Answer Choices
A
Before making a purchase decision, consumers thoroughly check the price of the products with which free or discounted products are paired.
Incorrect - Irrelevant
The argument deals with attaching monetary value to the free or discounted products and not the products with which they are paired.
B
It is highly unlikely that consumers would ever actually buy most of the products offered for free with the high-end purchased products.
Incorrect - Irrelevant
There is no reason given as to why these customers are not likely to buy these free products. So we can't understand anything about the customer psychology or the reason behind the stated behavior here.
C
Consumers are aware that the price of the product offered for free or on discount never exactly matches the cost of the high-end product to the retailer.
Incorrect - Irrelevant
This choice doesn't differentiate between products in the two categories: free and discounted.
D
In an experiment, the customers of a gold jewelry shop who were given a free bottle of wine with a certain purchase expressed more satisfaction than the customers who were offered the same wine for one dollar when they made the same purchase.
Correct
This is the correct choice; it matches our pre-thinking analysis. It is an example of the consumer psychology the author has talked about in the argument and hence supports the author's logic.
E
Customers in general are aware of the actual price of the products even when these products are offered for free or on discount.
Incorrect - Against the given information
If the customers are aware of the actual price, then there's no question of attaching different monetary value to the same product when it is offered for free and when it's on discount.
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Consumers appreciate free products more than they appreciate discounted products when such products are paired with full priced high-end products. The reason behind the same could be the monetary value they attach to various goods. Research shows that consumers tend to believe that the monetary value of the free product is probably consistent with the value of the high end purchased product with which it is being offered for free. However, when a discounted product is paired with a high-end product, consumers attach less monetary value to it than they would have had the same product been offered for free.Which of the following best supports the conclusion as stated above?a)Before making a purchase decision, consumers thoroughly check the price of the products with which free or discounted products are paired.b)It is highly unlikely that consumers would ever actually buy most of the products offered for free with the high-end purchased products.c)Consumers are aware that the price of the product offered for free or on discount never exactly matches the cost of the high-end product to the retailer.d)In an experiment, the customers of a gold jewelry shop who were given a free bottle of wine with a certainpurchase expressed more satisfaction than the customers who were offered the same wine for one dollar when they made the same purchase.e)Customers in general are aware of the actual price of the products even when these products are offered for free or on discount.Correct answer is option 'D'. Can you explain this answer?
Question Description
Consumers appreciate free products more than they appreciate discounted products when such products are paired with full priced high-end products. The reason behind the same could be the monetary value they attach to various goods. Research shows that consumers tend to believe that the monetary value of the free product is probably consistent with the value of the high end purchased product with which it is being offered for free. However, when a discounted product is paired with a high-end product, consumers attach less monetary value to it than they would have had the same product been offered for free.Which of the following best supports the conclusion as stated above?a)Before making a purchase decision, consumers thoroughly check the price of the products with which free or discounted products are paired.b)It is highly unlikely that consumers would ever actually buy most of the products offered for free with the high-end purchased products.c)Consumers are aware that the price of the product offered for free or on discount never exactly matches the cost of the high-end product to the retailer.d)In an experiment, the customers of a gold jewelry shop who were given a free bottle of wine with a certainpurchase expressed more satisfaction than the customers who were offered the same wine for one dollar when they made the same purchase.e)Customers in general are aware of the actual price of the products even when these products are offered for free or on discount.Correct answer is option 'D'. Can you explain this answer? for GMAT 2024 is part of GMAT preparation. The Question and answers have been prepared according to the GMAT exam syllabus. Information about Consumers appreciate free products more than they appreciate discounted products when such products are paired with full priced high-end products. The reason behind the same could be the monetary value they attach to various goods. Research shows that consumers tend to believe that the monetary value of the free product is probably consistent with the value of the high end purchased product with which it is being offered for free. However, when a discounted product is paired with a high-end product, consumers attach less monetary value to it than they would have had the same product been offered for free.Which of the following best supports the conclusion as stated above?a)Before making a purchase decision, consumers thoroughly check the price of the products with which free or discounted products are paired.b)It is highly unlikely that consumers would ever actually buy most of the products offered for free with the high-end purchased products.c)Consumers are aware that the price of the product offered for free or on discount never exactly matches the cost of the high-end product to the retailer.d)In an experiment, the customers of a gold jewelry shop who were given a free bottle of wine with a certainpurchase expressed more satisfaction than the customers who were offered the same wine for one dollar when they made the same purchase.e)Customers in general are aware of the actual price of the products even when these products are offered for free or on discount.Correct answer is option 'D'. Can you explain this answer? covers all topics & solutions for GMAT 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Consumers appreciate free products more than they appreciate discounted products when such products are paired with full priced high-end products. The reason behind the same could be the monetary value they attach to various goods. Research shows that consumers tend to believe that the monetary value of the free product is probably consistent with the value of the high end purchased product with which it is being offered for free. However, when a discounted product is paired with a high-end product, consumers attach less monetary value to it than they would have had the same product been offered for free.Which of the following best supports the conclusion as stated above?a)Before making a purchase decision, consumers thoroughly check the price of the products with which free or discounted products are paired.b)It is highly unlikely that consumers would ever actually buy most of the products offered for free with the high-end purchased products.c)Consumers are aware that the price of the product offered for free or on discount never exactly matches the cost of the high-end product to the retailer.d)In an experiment, the customers of a gold jewelry shop who were given a free bottle of wine with a certainpurchase expressed more satisfaction than the customers who were offered the same wine for one dollar when they made the same purchase.e)Customers in general are aware of the actual price of the products even when these products are offered for free or on discount.Correct answer is option 'D'. Can you explain this answer?.
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However, when a discounted product is paired with a high-end product, consumers attach less monetary value to it than they would have had the same product been offered for free.Which of the following best supports the conclusion as stated above?a)Before making a purchase decision, consumers thoroughly check the price of the products with which free or discounted products are paired.b)It is highly unlikely that consumers would ever actually buy most of the products offered for free with the high-end purchased products.c)Consumers are aware that the price of the product offered for free or on discount never exactly matches the cost of the high-end product to the retailer.d)In an experiment, the customers of a gold jewelry shop who were given a free bottle of wine with a certainpurchase expressed more satisfaction than the customers who were offered the same wine for one dollar when they made the same purchase.e)Customers in general are aware of the actual price of the products even when these products are offered for free or on discount.Correct answer is option 'D'. 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However, when a discounted product is paired with a high-end product, consumers attach less monetary value to it than they would have had the same product been offered for free.Which of the following best supports the conclusion as stated above?a)Before making a purchase decision, consumers thoroughly check the price of the products with which free or discounted products are paired.b)It is highly unlikely that consumers would ever actually buy most of the products offered for free with the high-end purchased products.c)Consumers are aware that the price of the product offered for free or on discount never exactly matches the cost of the high-end product to the retailer.d)In an experiment, the customers of a gold jewelry shop who were given a free bottle of wine with a certainpurchase expressed more satisfaction than the customers who were offered the same wine for one dollar when they made the same purchase.e)Customers in general are aware of the actual price of the products even when these products are offered for free or on discount.Correct answer is option 'D'. 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However, when a discounted product is paired with a high-end product, consumers attach less monetary value to it than they would have had the same product been offered for free.Which of the following best supports the conclusion as stated above?a)Before making a purchase decision, consumers thoroughly check the price of the products with which free or discounted products are paired.b)It is highly unlikely that consumers would ever actually buy most of the products offered for free with the high-end purchased products.c)Consumers are aware that the price of the product offered for free or on discount never exactly matches the cost of the high-end product to the retailer.d)In an experiment, the customers of a gold jewelry shop who were given a free bottle of wine with a certainpurchase expressed more satisfaction than the customers who were offered the same wine for one dollar when they made the same purchase.e)Customers in general are aware of the actual price of the products even when these products are offered for free or on discount.Correct answer is option 'D'. Can you explain this answer? has been provided alongside types of Consumers appreciate free products more than they appreciate discounted products when such products are paired with full priced high-end products. The reason behind the same could be the monetary value they attach to various goods. Research shows that consumers tend to believe that the monetary value of the free product is probably consistent with the value of the high end purchased product with which it is being offered for free. However, when a discounted product is paired with a high-end product, consumers attach less monetary value to it than they would have had the same product been offered for free.Which of the following best supports the conclusion as stated above?a)Before making a purchase decision, consumers thoroughly check the price of the products with which free or discounted products are paired.b)It is highly unlikely that consumers would ever actually buy most of the products offered for free with the high-end purchased products.c)Consumers are aware that the price of the product offered for free or on discount never exactly matches the cost of the high-end product to the retailer.d)In an experiment, the customers of a gold jewelry shop who were given a free bottle of wine with a certainpurchase expressed more satisfaction than the customers who were offered the same wine for one dollar when they made the same purchase.e)Customers in general are aware of the actual price of the products even when these products are offered for free or on discount.Correct answer is option 'D'. Can you explain this answer? theory, EduRev gives you an ample number of questions to practice Consumers appreciate free products more than they appreciate discounted products when such products are paired with full priced high-end products. The reason behind the same could be the monetary value they attach to various goods. Research shows that consumers tend to believe that the monetary value of the free product is probably consistent with the value of the high end purchased product with which it is being offered for free. However, when a discounted product is paired with a high-end product, consumers attach less monetary value to it than they would have had the same product been offered for free.Which of the following best supports the conclusion as stated above?a)Before making a purchase decision, consumers thoroughly check the price of the products with which free or discounted products are paired.b)It is highly unlikely that consumers would ever actually buy most of the products offered for free with the high-end purchased products.c)Consumers are aware that the price of the product offered for free or on discount never exactly matches the cost of the high-end product to the retailer.d)In an experiment, the customers of a gold jewelry shop who were given a free bottle of wine with a certainpurchase expressed more satisfaction than the customers who were offered the same wine for one dollar when they made the same purchase.e)Customers in general are aware of the actual price of the products even when these products are offered for free or on discount.Correct answer is option 'D'. 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