📊 GMAT Exam Prep

A company is considering three strategies (S1, S2, S3) to increase its market share. Each strategy has an associated implementation cost and projected market share gain. S1: Cost $500K, Gain 3%; S2: Cost $750K, Gain 5%; S3: Cost $1M, Gain 7%. The company wants to achieve at least 8% market share gain with a budget of $1.5M. Which combination of strategies meets both objectives?

A S1 and S2
B S1 and S3
C S2 and S3
D None of the above combinations

✓ Correct Answer: Option B

S1+S2: Cost $1.25M, Gain 8%. S1+S3: Cost $1.5M, Gain 10%. S2+S3: Cost $1.75M, Gain 12%. Only S1 and S3 meet the budget ($1.5M) and achieve at least 8% gain (10%).

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