Question
The rise of "mega-gym" chains, which offer low
membership fees due to their massive scale, has been blamed for the closure of many boutique fitness studios. However, this conclusion is claimed to be incorrect because these mega-gyms currently account for only a tiny fraction of the total fitness center memberships nationwide. Which of the following, if true, would most weaken the argument that the conclusion is incorrect?Solution
As per the argument, it is not true that it is because of the entry of “mega-gyms”, whose large scale keeps their fees low, that many boutique fitness studios have gone out of business. This is because mega-gyms account for only a tiny fraction of the total fitness center memberships. This argument can be best weakened by option (e) which says that to compete with the mega-gyms' widely publicized low fees, boutique studios have been forced to lower their own prices to unsustainable levels. This explains how despite having a small share of the market, the mega-gyms managed to eliminate many boutique studios from the business. Thus, option (e) is the right answer.
Which Indian state is the largest producer of soybeans?
What is the main objective of the 'One Scientist-One Product' programme launched by ICAR?
Recently Union Minister for Finance and Corporate Affairs Nirmala Sitharaman dedicated to the nation, “Dharohar” - the National Museum of Cu...
How many projects worth USD 40 billion has the New Development Bank approved so far?
Which of the following is a device designed to protect electrical devices from voltage spikes?
Which state won the IDCA Under-19 T20 cricket championship in 2024?
Vedanta plans to invest over Rs 1 lakh crore in which Indian state across multiple sectors?
In December 2021, Axis Bank has categorised _______________ to public category from promoter category shareholder in the bank.
What is the primary aim of the Memorandum of Understanding (MoU) between the Department of Fisheries and Open Network for Digital Commerce (ONDC)?
What was the Index of Industrial Production (IIP) value for June 2025?