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In this era of ever increasing oil prices, fuel-efficiency is the primary concern of most car buyers. Because of the increasing demand for fuel-efficient cars, many companies have entered this segment, leading to fierce competition. Recently, both Toyota and General Motors launched their latest cars in this segment on the same day. Even though the car from General Motors fared much better on fuel efficiency, its market share has remained low compared to that of the car from Toyota.
Which of the following best explains the paradox presented above?
  • a)
    Except higher fuel efficiency, the car from General Motors does not offer any other advantage over the car from Toyota
  • b)
    On the same day when Toyota and General Motors launched their cars, a couple of other companies also launched their cars and, while one of them sold well, the other did not.
  • c)
    With ever increasing range of products to choose from, consumers now rely much more on the brand name of a company than the promised features and, unlike General Motors, Toyota has been a known name in fuel efficient car industry.
  • d)
    Since the total market for fuel-efficient cars has expanded a lot in the past, even companies with low market shares have made profits.
  • e)
    Even though General Motors can service all the existing demand, its production capacity is much lower than the production capacity of Toyota.
Correct answer is option 'C'. Can you explain this answer?
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In this era of ever increasing oil prices, fuel-efficiency is the prim...
Answer Choices
A
Except higher fuel efficiency, the car from General Motors does not offer any other advantage over the car from Toyota
This option is incorrect.
Even with only one advantage, General Motors should not have sold less
B
On the same day when Toyota and General Motors launched their cars, a couple of other companies also launched their cars and, while one of them sold well, the other did not.
This option is incorrect.
Comparisons with other companies cannot explain the paradox.
C
With ever increasing range of products to choose from, consumers now rely much more on the brand name of a company than the promised features and, unlike General Motors, Toyota has been a known name in fuel efficient car industry.
This option is correct.
Toyota has a higher brand and therefore, sold more than General Motors. This option explain the paradox.
D
Since the total market for fuel-efficient cars has expanded a lot in the past, even companies with low market shares have made profits.
This option is incorrect.
Irrelevant
E
Even though General Motors can service all the existing demand, its production capacity is much lower than the production capacity of Toyota.
This option is incorrect.
If General Motors can service all the demand, then it should have had sold more. This option does not explain the paradox
View all questions of this test
Most Upvoted Answer
In this era of ever increasing oil prices, fuel-efficiency is the prim...
C
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To maximize profits, an employer should control his or her environment in a factory, shop, or office and make sure that examples of energy and efficiency are numerous enough to catch employee attention and establish an atmosphere of industry. In the workplace, there are instances in which it would be in the mutual interest of the employer and the employees to increase the speed of work, but conditions may limit or forbid the use of pace-setters. In construction work and in some of the industries, where there are minute subdivisions of operations and continuity of processes, this method of increasing efficiency is very commonly applied with the use of time cards and software. In many factories, however, such an effort to speed up production might stir resentment, even among the workers paid at a fixed rate for each unit produced or action performed, and have an effect exactly opposite to that desired. The alternative, of course, is for the employer to secure unconscious pace setting by providing incentives for the naturally ambitious men and women in the way of a premium or bonus system or other reward for above-average efficiency.Accordingly, to take advantage of the benefits of conscious or voluntary imitation, workers must be provided with examples that appeal to them as admirable and inspire the wish to emulate them. A common application of this principle is seen in the choice of department heads, foremen, and other bosses. Invariably these people win promotion by industry, skill, and efficiency greater than that displayed by their direct peers, or by mastery of their skills that enables them to show their less efficient peers how any and all operations should be conducted. This focusing of attention upon individuals worthy of imitation has been carried much farther by various companies. Some create weekly or monthly papers published primarily for circulation within the organization to record every incident reflecting unusual skill, initiative, or personal power in an individual member of the organization. A big order closed, a difficult contract secured, a complex or delicate operation performed in less than the usual time, a new personal record in production, the invention of an unproved method or machinewhatever the achievement, it is described and glorified, its perpetrator praised and held up for emulation. This, indeed, is one of the methods by which the larger sales organizations have obtained remarkable results.Which of the following best illustrates an instance of successful unconscious pace-setting?

To maximize profits, an employer should control his or her environment in a factory, shop, or office and make sure that examples of energy and efficiency are numerous enough to catch employee attention and establish an atmosphere of industry. In the workplace, there are instances in which it would be in the mutual interest of the employer and the employees to increase the speed of work, but conditions may limit or forbid the use of pace-setters. In construction work and in some of the industries, where there are minute subdivisions of operations and continuity of processes, this method of increasing efficiency is very commonly applied with the use of time cards and software. In many factories, however, such an effort to speed up production might stir resentment, even among the workers paid at a fixed rate for each unit produced or action performed, and have an effect exactly opposite to that desired. The alternative, of course, is for the employer to secure unconscious pace setting by providing incentives for the naturally ambitious men and women in the way of a premium or bonus system or other reward for above-average efficiency.Accordingly, to take advantage of the benefits of conscious or voluntary imitation, workers must be provided with examples that appeal to them as admirable and inspire the wish to emulate them. A common application of this principle is seen in the choice of department heads, foremen, and other bosses. Invariably these people win promotion by industry, skill, and efficiency greater than that displayed by their direct peers, or by mastery of their skills that enables them to show their less efficient peers how any and all operations should be conducted. This focusing of attention upon individuals worthy of imitation has been carried much farther by various companies. Some create weekly or monthly papers published primarily for circulation within the organization to record every incident reflecting unusual skill, initiative, or personal power in an individual member of the organization. A big order closed, a difficult contract secured, a complex or delicate operation performed in less than the usual time, a new personal record in production, the invention of an unproved method or machinewhatever the achievement, it is described and glorified, its perpetrator praised and held up for emulation. This, indeed, is one of the methods by which the larger sales organizations have obtained remarkable results.The author is primarily concerned with

To maximize profits, an employer should control his or her environment in a factory, shop, or office and make sure that examples of energy and efficiency are numerous enough to catch employee attention and establish an atmosphere of industry. In the workplace, there are instances in which it would be in the mutual interest of the employer and the employees to increase the speed of work, but conditions may limit or forbid the use of pace-setters. In construction work and in some of the industries, where there are minute subdivisions of operations and continuity of processes, this method of increasing efficiency is very commonly applied with the use of time cards and software. In many factories, however, such an effort to speed up production might stir resentment, even among the workers paid at a fixed rate for each unit produced or action performed, and have an effect exactly opposite to that desired. The alternative, of course, is for the employer to secure unconscious pace setting by providing incentives for the naturally ambitious men and women in the way of a premium or bonus system or other reward for above-average efficiency.Accordingly, to take advantage of the benefits of conscious or voluntary imitation, workers must be provided with examples that appeal to them as admirable and inspire the wish to emulate them. A common application of this principle is seen in the choice of department heads, foremen, and other bosses. Invariably these people win promotion by industry, skill, and efficiency greater than that displayed by their direct peers, or by mastery of their skills that enables them to show their less efficient peers how any and all operations should be conducted. This focusing of attention upon individuals worthy of imitation has been carried much farther by various companies. Some create weekly or monthly papers published primarily for circulation within the organization to record every incident reflecting unusual skill, initiative, or personal power in an individual member of the organization. A big order closed, a difficult contract secured, a complex or delicate operation performed in less than the usual time, a new personal record in production, the invention of an unproved method or machinewhatever the achievement, it is described and glorified, its perpetrator praised and held up for emulation. This, indeed, is one of the methods by which the larger sales organizations have obtained remarkable results.With which of the following statements would the author of the passage NOT agree?

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In this era of ever increasing oil prices, fuel-efficiency is the primary concern of most car buyers. Because of the increasing demand for fuel-efficient cars, many companies have entered this segment, leading to fierce competition. Recently, both Toyota and General Motors launched their latest cars in this segment on the same day. Even though the car from General Motors fared much better on fuel efficiency, its market share has remained low compared to that of the car from Toyota.Which of the following best explains the paradox presented above?a)Except higher fuel efficiency, the car from General Motors does not offer any other advantage over the car from Toyotab)On the same day when Toyota and General Motors launched their cars, a couple of other companies also launched their cars and, while one of them sold well, the other did not.c)With ever increasing range of products to choose from, consumers now rely much more on the brand name of a company than the promised features and, unlike General Motors, Toyota has been a known name in fuel efficient car industry.d)Since the total market for fuel-efficient cars has expanded a lot in the past, even companies with low market shares have made profits.e)Even though General Motors can service all the existing demand, its production capacity is much lower than the production capacity of Toyota.Correct answer is option 'C'. Can you explain this answer?
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In this era of ever increasing oil prices, fuel-efficiency is the primary concern of most car buyers. Because of the increasing demand for fuel-efficient cars, many companies have entered this segment, leading to fierce competition. Recently, both Toyota and General Motors launched their latest cars in this segment on the same day. Even though the car from General Motors fared much better on fuel efficiency, its market share has remained low compared to that of the car from Toyota.Which of the following best explains the paradox presented above?a)Except higher fuel efficiency, the car from General Motors does not offer any other advantage over the car from Toyotab)On the same day when Toyota and General Motors launched their cars, a couple of other companies also launched their cars and, while one of them sold well, the other did not.c)With ever increasing range of products to choose from, consumers now rely much more on the brand name of a company than the promised features and, unlike General Motors, Toyota has been a known name in fuel efficient car industry.d)Since the total market for fuel-efficient cars has expanded a lot in the past, even companies with low market shares have made profits.e)Even though General Motors can service all the existing demand, its production capacity is much lower than the production capacity of Toyota.Correct answer is option 'C'. 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 In this era of ever increasing oil prices, fuel-efficiency is the primary concern of most car buyers. Because of the increasing demand for fuel-efficient cars, many companies have entered this segment, leading to fierce competition. Recently, both Toyota and General Motors launched their latest cars in this segment on the same day. Even though the car from General Motors fared much better on fuel efficiency, its market share has remained low compared to that of the car from Toyota.Which of the following best explains the paradox presented above?a)Except higher fuel efficiency, the car from General Motors does not offer any other advantage over the car from Toyotab)On the same day when Toyota and General Motors launched their cars, a couple of other companies also launched their cars and, while one of them sold well, the other did not.c)With ever increasing range of products to choose from, consumers now rely much more on the brand name of a company than the promised features and, unlike General Motors, Toyota has been a known name in fuel efficient car industry.d)Since the total market for fuel-efficient cars has expanded a lot in the past, even companies with low market shares have made profits.e)Even though General Motors can service all the existing demand, its production capacity is much lower than the production capacity of Toyota.Correct answer is option 'C'. Can you explain this answer? covers all topics & solutions for GMAT 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for In this era of ever increasing oil prices, fuel-efficiency is the primary concern of most car buyers. Because of the increasing demand for fuel-efficient cars, many companies have entered this segment, leading to fierce competition. Recently, both Toyota and General Motors launched their latest cars in this segment on the same day. Even though the car from General Motors fared much better on fuel efficiency, its market share has remained low compared to that of the car from Toyota.Which of the following best explains the paradox presented above?a)Except higher fuel efficiency, the car from General Motors does not offer any other advantage over the car from Toyotab)On the same day when Toyota and General Motors launched their cars, a couple of other companies also launched their cars and, while one of them sold well, the other did not.c)With ever increasing range of products to choose from, consumers now rely much more on the brand name of a company than the promised features and, unlike General Motors, Toyota has been a known name in fuel efficient car industry.d)Since the total market for fuel-efficient cars has expanded a lot in the past, even companies with low market shares have made profits.e)Even though General Motors can service all the existing demand, its production capacity is much lower than the production capacity of Toyota.Correct answer is option 'C'. Can you explain this answer?.
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Even though the car from General Motors fared much better on fuel efficiency, its market share has remained low compared to that of the car from Toyota.Which of the following best explains the paradox presented above?a)Except higher fuel efficiency, the car from General Motors does not offer any other advantage over the car from Toyotab)On the same day when Toyota and General Motors launched their cars, a couple of other companies also launched their cars and, while one of them sold well, the other did not.c)With ever increasing range of products to choose from, consumers now rely much more on the brand name of a company than the promised features and, unlike General Motors, Toyota has been a known name in fuel efficient car industry.d)Since the total market for fuel-efficient cars has expanded a lot in the past, even companies with low market shares have made profits.e)Even though General Motors can service all the existing demand, its production capacity is much lower than the production capacity of Toyota.Correct answer is option 'C'. 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Even though the car from General Motors fared much better on fuel efficiency, its market share has remained low compared to that of the car from Toyota.Which of the following best explains the paradox presented above?a)Except higher fuel efficiency, the car from General Motors does not offer any other advantage over the car from Toyotab)On the same day when Toyota and General Motors launched their cars, a couple of other companies also launched their cars and, while one of them sold well, the other did not.c)With ever increasing range of products to choose from, consumers now rely much more on the brand name of a company than the promised features and, unlike General Motors, Toyota has been a known name in fuel efficient car industry.d)Since the total market for fuel-efficient cars has expanded a lot in the past, even companies with low market shares have made profits.e)Even though General Motors can service all the existing demand, its production capacity is much lower than the production capacity of Toyota.Correct answer is option 'C'. 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Even though the car from General Motors fared much better on fuel efficiency, its market share has remained low compared to that of the car from Toyota.Which of the following best explains the paradox presented above?a)Except higher fuel efficiency, the car from General Motors does not offer any other advantage over the car from Toyotab)On the same day when Toyota and General Motors launched their cars, a couple of other companies also launched their cars and, while one of them sold well, the other did not.c)With ever increasing range of products to choose from, consumers now rely much more on the brand name of a company than the promised features and, unlike General Motors, Toyota has been a known name in fuel efficient car industry.d)Since the total market for fuel-efficient cars has expanded a lot in the past, even companies with low market shares have made profits.e)Even though General Motors can service all the existing demand, its production capacity is much lower than the production capacity of Toyota.Correct answer is option 'C'. 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Even though the car from General Motors fared much better on fuel efficiency, its market share has remained low compared to that of the car from Toyota.Which of the following best explains the paradox presented above?a)Except higher fuel efficiency, the car from General Motors does not offer any other advantage over the car from Toyotab)On the same day when Toyota and General Motors launched their cars, a couple of other companies also launched their cars and, while one of them sold well, the other did not.c)With ever increasing range of products to choose from, consumers now rely much more on the brand name of a company than the promised features and, unlike General Motors, Toyota has been a known name in fuel efficient car industry.d)Since the total market for fuel-efficient cars has expanded a lot in the past, even companies with low market shares have made profits.e)Even though General Motors can service all the existing demand, its production capacity is much lower than the production capacity of Toyota.Correct answer is option 'C'. Can you explain this answer? theory, EduRev gives you an ample number of questions to practice In this era of ever increasing oil prices, fuel-efficiency is the primary concern of most car buyers. Because of the increasing demand for fuel-efficient cars, many companies have entered this segment, leading to fierce competition. Recently, both Toyota and General Motors launched their latest cars in this segment on the same day. Even though the car from General Motors fared much better on fuel efficiency, its market share has remained low compared to that of the car from Toyota.Which of the following best explains the paradox presented above?a)Except higher fuel efficiency, the car from General Motors does not offer any other advantage over the car from Toyotab)On the same day when Toyota and General Motors launched their cars, a couple of other companies also launched their cars and, while one of them sold well, the other did not.c)With ever increasing range of products to choose from, consumers now rely much more on the brand name of a company than the promised features and, unlike General Motors, Toyota has been a known name in fuel efficient car industry.d)Since the total market for fuel-efficient cars has expanded a lot in the past, even companies with low market shares have made profits.e)Even though General Motors can service all the existing demand, its production capacity is much lower than the production capacity of Toyota.Correct answer is option 'C'. 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