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.

As a trained medical doctor

A medical doctor by training

Although trained as a medical doctor

Either a medical doctor by training

While being a trained medical doctor

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.