GMAT Exam Dumps : Graduate Management Admission Test (2022)

Statement (1) ALONE is sufficient, but statement (2) alone is not sufficient.

Statement (2) ALONE is sufficient, but statement (1) alone is not sufficient.

BOTH statements TOGETHER are sufficient, but NEITHER statement ALONE is sufficient.

EACH statement ALONE is sufficient.

Statements (1) and (2) TOGETHER are NOT sufficient.

Poundstone was a primary reviewer and Kenyatta the secondary reviewer.

Nichols was a primary reviewer and Kenyatta the secondary reviewer.

Kenyatta was a primary reviewer and Nichols the secondary reviewer.

Nichols was a primary reviewer and Farkas the secondary reviewer.

Poundstone was a primary reviewer and Huang the secondary reviewer

More consumers have become price-sensitive over the last ten years and this trend will continue for the foreseeable future.

Gray markets typically remain strong even in markets where authorized retailers have introduced service enhancements.

Price wars among authorized retailers, triggered by the appearance of gray markets when few, if any, consumers are price-insensitive, lead to a cycle of increasing price reductions that severely narrow profit margins.

Authorized retailers who are competing for the business of price-insensitive consumers often become involved in a cycle of expensive service enhancements that significantly narrow profit margins.

Manufacturers who fear that gray marketing will tarnish their brand names sometimes subsidize advertising for authorized retailers, thereby narrowing the manufacturers' profit margins.