Buyer's Remorse Is The Feeling Experienced When One Decides To Purchase An Item GMAT Critical Reasoning

Question: Buyer's remorse is the feeling experienced when one decides to purchase an item, often of great value, only to later regret making that decision. This feeling can occur when the purchased item becomes undesirable or when the buyer realizes that the same item could have been purchased at a lower price. A consumer who purchased a new car last month has recently discovered that the same model is now being sold for $10,000 less than at the time of purchase. Despite a need for the car at the time, the consumer must be experiencing buyer's remorse.

Which of the following is an assumption upon which the argument depends?

  1. The consumer no longer finds the car purchased last month to be desirable.
  2. A need for an item cannot lessen any feelings of regret that may arise about the purchase.
  3. The consumer did not expect the price of the car purchased last month to drop as soon as it did.
  4. When the consumer purchased the car, several less expensive cars were available that would have met the consumer's needs just as well.
  5. On other occasions, the consumer has regretted purchasing items that were later discovered on sale for less than the consumer paid.

Explanation

Given that, Buyer's remorse is the feeling someone has when they buy something, often of high value, and then later rue their choice. This can happen when the item bought is no longer wanted or when the buyer realises that the same item could have been bought for less money. A person who bought a new car last month found out recently that the same model is now going for $10,000 less than it did when they bought it. Even though the person needed the car at the time, they must be having buyer's remorse.

Let's approach the answer choices.

A: Incorrect
This choice assumes a change in the consumer's feelings towards the car's desirability. However, the argument doesn't necessarily hinge on the consumer's feelings changing about the car's desirability. It's more about the regret due to the price drop.

B:Correct
A need for an item cannot lessen any feelings of regret that may arise about the purchase. This assumption strengthens the argument by suggesting that even if the consumer had a need for the car at the time of purchase, it doesn't necessarily eliminate the possibility of experiencing regret later on due to the price drop.

C: Incorrect
Even if he had anticipated that the price would drop so quickly, he would still be subject to buyer's remorse since, according to the question, buyers remorse is triggered once an individual observes a decrease in the purchase price of an item. According to the scripture, him expecting has nothing to do with this situation.

D: Incorrect
This choice brings up a different point about the availability of other options, which is not directly related to the argument's focus on the price drop causing buyer's remorse.

E: Incorrect
This choice speaks to a general pattern of behavior but doesn't specifically address the scenario of the new car purchase and its subsequent price drop.

“Buyer's remorse is the feeling experienced when one decides to purchase an item ”– is a GMAT Critical question. To answer the question, a candidate can either find a piece of evidence that would weaken the argument or have logical flaws in the argument. GMAT critical reasoning tests the logical and analytical skills of the candidates. This topic requires candidates to find the argument's strengths and weaknesses or the logical flaw in the argument. The GMAT CR section contains 10 -13 GMAT critical reasoning questions out of 36 GMAT verbal questions.

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