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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 2025 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 2025 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?.

Solutions 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? in English & in Hindi are available as part of our courses for GMAT. Download more important topics, notes, lectures and mock test series for GMAT Exam by signing up for free.

Here you can find the meaning of 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? defined & explained in the simplest way possible. Besides giving the explanation of 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?, a detailed solution 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? has been provided alongside types of 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? 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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