Verbal Ability - Closet Test - Discussion

Discussion Forum : Closet Test - Section 1 (Q.No. 5)
Directions to Solve
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)...

5.

(solve as per the direction given above)

costs
returns
dividend
prices
Answer: Option
Explanation:
No answer description is available. Let's discuss.
Discussion:
16 comments Page 1 of 2.

Sabid said:   1 decade ago
Actually I am not getting the question. (i.e) How to solve?

Levin said:   1 decade ago
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:   1 decade ago
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:   1 decade ago
It could also be 'costs' because for me it's grammar is right, but still 'prices' is the closest answer.

Santosh yadav said:   1 decade ago
Please explain me what is the deference between cost and price?
(1)

Amy said:   1 decade ago
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:   1 decade ago
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.
(1)

Rajaram yadav said:   1 decade ago
What is the difference between in "cost" & "price"? Please explain me now.
(2)

Yumata said:   1 decade ago
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.
(1)

Mastanvali said:   1 decade ago
Cheaper cost, cheaper price, which one is better.
(1)


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