Verbal Ability - Closet Test - Discussion

Today most businessmen are very worried. To begin with, they are not used to competition.In the past they sold whatever ...(1)... produced at whatever prices they chose. But ...(2)... increasing competition, customers began to ...(3)... and choose. Imports suddenly became ...(4)... available and that too at cheaper ...(5)...


(solve as per the direction given above)

[A]. costs
[B]. returns
[C]. dividend
[D]. prices

Answer: Option D


No answer description available for this question.

Sabid said: (Jul 24, 2011)  
Actually I am not getting the question. (i.e) How to solve?

Levin said: (Aug 23, 2011)  
We can't use returns d dividend for mentioning the money for a thing. So either price are cost. Cost denotes the money spent for its production by d company. When it comes out to d market some xtra costs like tax d ad cost will be added d the final added money is called price. Hence we use price here.

Ranjith said: (Aug 29, 2011)  
In this, we often get confusion in "cost" & "price".

Here price is suitable because, if the seller buys the goods from another seller at the time it is called as cost. If it comes between the seller & people then it is called as price.

Aneew_22 said: (Sep 28, 2011)  
It could also be 'costs' because for me it's grammar is right, but still 'prices' is the closest answer.

Santosh Yadav said: (Mar 3, 2014)  
Please explain me what is the deference between cost and price?

Amy said: (Jun 1, 2014)  
Cost is usually used by the customer himself while price is a term used by the giver or in this case a narrator.

Nagendra Babu said: (Jul 26, 2014)  
The person investment on the material, who made that material is called cost. But in the price cost added to tax extra. So answer is the price.

Rajaram Yadav said: (Nov 27, 2014)  
What is the difference between in "cost" & "price"? Please explain me now.

Yumata said: (Aug 18, 2015)  
The context makes us choose 'prices', but neither 'costs' nor 'prices' should be used with CHEAP! The correct collocations are 'low prices' and 'low costs'. Goods can be cheap.

Mastanvali said: (Aug 22, 2015)  
Cheaper cost, cheaper price, which one is better.

Jenan said: (Sep 9, 2015)  
I am not sure for price because costs also a right answer and agree it.

Hemanth said: (Apr 11, 2017)  

As we are discussing about the production we are intend to use price.

Dibbssyy said: (May 15, 2018)  

Read the passage carefully and you will find that the last sentence is related to imports and transportation is an essential factor for imports and here that is exactly what is being concerned. In case of transport, we use cost, Don't we? So 'costs' is the correct one, not the 'prices'.

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