Logical Reasoning - Course of Action - Discussion
In each question below is given a statement followed by two courses of action numbered I and II. You have to assume everything in the statement to be true and on the basis of the information given in the statement, decide which of the suggested courses of action logically follow(s) for pursuing.
- (A) If only I follows
- (B) If only II follows
- (C) If either I or II follows
- (D) If neither I nor II follows
- (E) If both I and II follow.
Statement: The sale of a particular product has gone down considerably causing great concern to the company.
Courses of Action:
- The company should make a proper study of rival products in the market.
- The price of the product should be reduced and quality improved.
Here, ONLY A will follow because we don't know anything about the past price of the product. It might be possible that the past price would have been decent still there were no sales. But reducing the price now, we cannot ascertain whether the sale will increase or not.
Anyone Rectify it.
As according to the law of demand, if we increase the price, the demand falls. Here in this situation if the price is reduced, demand would be higher likewise the sale of the product.