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In the question below, a statement and three assumptions numbered I, II and III are given. An assumption is something supposed or taken for granted. You have to consider the following assumption and decide which of the assumption is implicit in the statement. Statement: Online grocery firm Grofers today said it is entering the FMCG segment and is targeting an overall revenue of Rs 2,500 crore by FY19. Grofers closed FY 18 with Rs 950 crore of sales and is targeting for a stronger growth trajectory in 2019, with a 50 per cent contribution from its private brands. The company has launched seven new brands under two categories Budget and Popular G-Brands.  Assumptions: I. With this, Grofers private labels expands to 250 food and non-food products for its consumers. With this significant business expansion, Grofers aims to drive the next wave of growth for e-commerce sector by bringing the next 100 million customers to its platform. II. This vertical expansion is key to drive Grofers next phase of growth in India. In the last five years, we have received an overwhelming response from our customers. III. Through many industry-first initiatives, Grofers has been instrumental in bringing new customers to the e-commerce fold with increase of its customer base. 

In the question below, a statement and three assumptions numbered I, II and III are given. An assumption is something supposed or taken for granted. You have to consider the following assumption and decide which of the assumption is implicit in the statement. Statement: Online grocery firm Grofers today said it is entering the FMCG segment and is targeting an overall revenue of Rs 2,500 crore by FY19. Grofers closed FY 18 with Rs 950 crore of sales and is targeting for a stronger growth trajectory in 2019, with a 50 per cent contribution from its private brands. The company has launched seven new brands under two categories Budget and Popular G-Brands.  Assumptions: I. With this, Grofers private labels expands to 250 food and non-food products for its consumers. With this significant business expansion, Grofers aims to drive the next wave of growth for e-commerce sector by bringing the next 100 million customers to its platform. II. This vertical expansion is key to drive Grofers next phase of growth in India. In the last five years, we have received an overwhelming response from our customers. III. Through many industry-first initiatives, Grofers has been instrumental in bringing new customers to the e-commerce fold with increase of its customer base.  Correct Answer All except I, II is implicit

The correct answer is option 2, i.e. All except I, II is implicit.

An assumption is a thing that is accepted as true or as certain to happen, without proof.

(III) can be assumed to be a perfect assumption for the said statement as it is contextually correct and is the most logical assumption based on the facts mentioned.

From the statement, it is evident that Grofers has been a success in its venture and is expanding at a fast pace. From the assumptions mentioned, we can reject both (I) and (II) as they are somewhat not relevant with the information provided. As in (I) it is mentioned that ‘250 foods and non-food products’, we have no information regarding the same. Moreover, in (II) it is stated that ‘in the last five years’, no information regarding the past of the grocery firm is evident from the given statement. Thus, it can also be rejected.

From the information provided we can assume that the sales have increased (mentioned in the statement) and the sales must have increased because of the increase in the number of customers only, thus, (III) is the most logical and the appropriate answer choice.

Thus, all of the assumptions except (III) are irrelevant and can be rejected and the most appropriate answer choice is option 2.

Related Questions

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