• EMPOWERgmat Slider
    1 Hour Free
    BEAT THE GMAT EXCLUSIVE

    Available with Beat the GMAT members only code

    MORE DETAILS
    EMPOWERgmat Slider
  • e-gmat Exclusive Offer
    Get 300+ Practice Questions
    25 Video lessons and 6 Webinars for FREE

    Available with Beat the GMAT members only code

    MORE DETAILS
    e-gmat Exclusive Offer
  • Target Test Prep
    5-Day Free Trial
    5-day free, full-access trial TTP Quant

    Available with Beat the GMAT members only code

    MORE DETAILS
    Target Test Prep
  • PrepScholar GMAT
    5 Day FREE Trial
    Study Smarter, Not Harder

    Available with Beat the GMAT members only code

    MORE DETAILS
    PrepScholar GMAT
  • Kaplan Test Prep
    Free Practice Test & Review
    How would you score if you took the GMAT

    Available with Beat the GMAT members only code

    MORE DETAILS
    Kaplan Test Prep
  • Veritas Prep
    Free Veritas GMAT Class
    Experience Lesson 1 Live Free

    Available with Beat the GMAT members only code

    MORE DETAILS
    Veritas Prep
  • Magoosh
    Magoosh
    Study with Magoosh GMAT prep

    Available with Beat the GMAT members only code

    MORE DETAILS
    Magoosh
  • Economist Test Prep
    Free Trial & Practice Exam
    BEAT THE GMAT EXCLUSIVE

    Available with Beat the GMAT members only code

    MORE DETAILS
    Economist Test Prep
  • Varsity Tutors
    Award-winning private GMAT tutoring
    Register now and save up to $200

    Available with Beat the GMAT members only code

    MORE DETAILS
    Varsity Tutors

Plesae rate my essay .

This topic has 0 member replies
sonali chandok Newbie | Next Rank: 10 Posts Default Avatar
Joined
27 Nov 2016
Posted:
1 messages
Thanked:
1 times

Plesae rate my essay .

Post Wed Dec 14, 2016 7:44 pm
Elapsed Time: 00:00
  • Lap #[LAPCOUNT] ([LAPTIME])
    Topic:-
    Over time, the costs of processing go down because as organizations learn how to do
    things better, they become more efficient. In color film processing, for example, the cost
    of a 3-by-5-inch print fell from 50 cents for five-day service in 1970 to 20 cents for oneday
    service in 1984. The same principle applies to the processing of food. And since
    Olympic Foods will soon celebrate its 25th birthday, we can expect that our long
    experience will enable us to minimize costs and thus maximize profits.”



    This argument is substantially flawed. It has failed to convey any compelling reason that how olympic foods will minimize their costs and thus maxmize profits.The vague comparision was done between two different industries.

    It is mentioned that cost of print fell down in 14 years, but there is no evidences are given to justify this statement. In 1970's it was may be the first time print was introduced, people who wants it's usage were less, cost of material and machinery was high which further recovered from high cost of print to obtain profit. 14 years is not a short time span, there were many development seen in education and the Indutries, so the demand of print has substantially increased and it clearly followed demand and supply mechanism, where demand was increased, so the cost was reduced to obtain more profit.

    It is mentioned in the last lines that olympic food want to minimize cost and thus maximize profits. There is no data given for the company growth, analysis of products, customer satisfaction, what kind of products or if they going to launch some new product in market. How can someone minimize the cost with only few customers and how will it can be profitable with few purchases. How much will be the difference in cost price and selling price they will give is also not clear.

    This argument is neither sound nor pursuaive.it's vague comparision between two different industries without any evidences.

    Thanked by: LindaMerrill
    Need free GMAT or MBA advice from an expert? Register for Beat The GMAT now and post your question in these forums!

    Best Conversation Starters

    1 Vincen 132 topics
    2 lheiannie07 65 topics
    3 LUANDATO 54 topics
    4 Roland2rule 43 topics
    5 ardz24 40 topics
    See More Top Beat The GMAT Members...

    Most Active Experts

    1 image description Brent@GMATPrepNow

    GMAT Prep Now Teacher

    133 posts
    2 image description GMATGuruNY

    The Princeton Review Teacher

    114 posts
    3 image description EconomistGMATTutor

    The Economist GMAT Tutor

    113 posts
    4 image description Rich.C@EMPOWERgma...

    EMPOWERgmat

    109 posts
    5 image description DavidG@VeritasPrep

    Veritas Prep

    72 posts
    See More Top Beat The GMAT Experts