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In the question below a statement is followed by two assumptions numbered I and II. An assumption is something supposed or taken in for granted. You have to consider the statement and the following assumptions and then decide which of the assumptions is implicit in the statement.
Statement: The company decided to increase the price of its products to avoid going bankrupt. 
Assumption:
I. The company feels that buyers won’t be interested in their products if the prices are increased. 
II. An increase in the price of the products will help the company increase revenue and reduce losses.
  • a)
    Only assumption I is implicit
  • b)
    Only assumption II is implicit
  • c)
    Both I and II are implicit
  • d)
    None of the two are implicit
Correct answer is option 'B'. Can you explain this answer?
Verified Answer
In the question below a statement is followed by two assumptions numbe...
If the buyers weren't interested in the product after price rise, the company wouldn’t implement the strategy. Thus, assumption I is not implicit. 
Since the company decided to increase the price to avoid bankruptcy, the increased price would help reduce losses to the company. Thus, assumption II is implicit. 
Hence, option B is the right answer.
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In the question below a statement is followed by two assumptions numbered I and II. An assumption is something supposed or taken in for granted. You have to consider the statement and the following assumptions and then decide which of the assumptions is implicit in the statement.Statement: The company decided to increase the price of its products to avoid going bankrupt.Assumption:I. The company feels that buyers won’t be interested in their products if the prices are increased.II. An increase in the price of the products will help the company increase revenue and reduce losses.a)Only assumption I is implicitb)Only assumption II is implicitc)Both I and II are implicitd)None of the two are implicitCorrect answer is option 'B'. Can you explain this answer?
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In the question below a statement is followed by two assumptions numbered I and II. An assumption is something supposed or taken in for granted. You have to consider the statement and the following assumptions and then decide which of the assumptions is implicit in the statement.Statement: The company decided to increase the price of its products to avoid going bankrupt.Assumption:I. The company feels that buyers won’t be interested in their products if the prices are increased.II. An increase in the price of the products will help the company increase revenue and reduce losses.a)Only assumption I is implicitb)Only assumption II is implicitc)Both I and II are implicitd)None of the two are implicitCorrect answer is option 'B'. Can you explain this answer? for Railways 2024 is part of Railways preparation. The Question and answers have been prepared according to the Railways exam syllabus. Information about In the question below a statement is followed by two assumptions numbered I and II. An assumption is something supposed or taken in for granted. You have to consider the statement and the following assumptions and then decide which of the assumptions is implicit in the statement.Statement: The company decided to increase the price of its products to avoid going bankrupt.Assumption:I. The company feels that buyers won’t be interested in their products if the prices are increased.II. An increase in the price of the products will help the company increase revenue and reduce losses.a)Only assumption I is implicitb)Only assumption II is implicitc)Both I and II are implicitd)None of the two are implicitCorrect answer is option 'B'. Can you explain this answer? covers all topics & solutions for Railways 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for In the question below a statement is followed by two assumptions numbered I and II. An assumption is something supposed or taken in for granted. You have to consider the statement and the following assumptions and then decide which of the assumptions is implicit in the statement.Statement: The company decided to increase the price of its products to avoid going bankrupt.Assumption:I. The company feels that buyers won’t be interested in their products if the prices are increased.II. An increase in the price of the products will help the company increase revenue and reduce losses.a)Only assumption I is implicitb)Only assumption II is implicitc)Both I and II are implicitd)None of the two are implicitCorrect answer is option 'B'. Can you explain this answer?.
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