Here some problem or solution of the problem is given in the statement you have to choose the appropriate logical deduction for given statement.
Statement: The rise of e-commerce has transformed retail shopping, with many traditional stores closing down due to declining foot traffic. Online platforms offer convenience and competitive pricing, attracting millions of customers worldwide. Despite this growth, certain product categories like luxury goods and fresh groceries still see strong in-store sales, as customers prefer to examine these items physically before purchasing.
Conclusions:
I. E-commerce will completely replace traditional retail stores in the future.
II. Customer preferences vary depending on the type of product being purchased.
III. Online platforms are successful only because of competitive pricing.
Which conclusion necessarily follows?
Show answer & explanation
Correct answer: B
Explanation
Conclusion I:
In the future, e-commerce will completely replace traditional retail stores.
This conclusion is not logical. The statement suggests that although e-commerce is growing rapidly, certain products still sell well in physical stores. This indicates that traditional retail remains relevant and can coexist with online platforms, rather than being completely replaced.
Conclusion II:
Customer preferences vary depending on the type of product being purchased.
This conclusion is logically correct. The statement clearly indicates that customers prioritize online platforms for their convenience and pricing, yet opt for physical stores for products such as luxury items and fresh groceries, which require physical inspection. This demonstrates that shopping preferences shift based on the nature of the product.
Conclusion III:
Online platforms are successful solely due to competitive pricing.
This conclusion is not logical. The statement asserts that online platforms attract customers due to both convenience and competitive pricing. Therefore, pricing is not the sole reason for their success.
Thus, only Conclusion II follows.
Option (2) is the correct answer.