Logical Reasoning Question 10
Question; Direction; Study the following passage carefully and answer the questions given below:
Global food retail industry has become increasingly competitive in the last few years. In a dynamic operating environment, companies need to understand the competitive nature of the global food industry, which means understanding changing consumer preferences. They are making continuous efforts to meet these demands in order to secure their positions in the industry. Companies have the aim to build collaborative working relationships with stakeholders, with the ultimate objective of building an efficient food distribution system. Wal-Mart is the world’s largest retailer in the food retail industry. The company operates retail stores in various formats. It operates more than 6,000 stores in the United States and in 13 international markets. Food retail industry is a highly saturated market, and new entrants would face difficulty to become successful in this industry. Stable relationships with suppliers are essential to Wal-Mart’s business; Wal-Mart is focusing on expanding its product line by including demanding products as well as environmentally friendly products. So, Wal-Mart can be considered as a miniature of the global retail industry. What can be concluded from the passage?
Options:
A) Global retail market has maximum operations in international regions
B) The relationship between retailer and consumer supports global market
C) The global retailer must be a saturated market to be successful
D) None of these
Show Answer
Answer:
Correct Answer; A
Solution:
- (a)
- Syllogistic reasoning
- Conclusion
- Object and Function Analogy Global retail market should understand the multiple and various demands of the international consumers and attempt to provide product services to them. Thus, a global retail market should have maximum operations in international regions.
BETA
