Statement: The largest computer manufacturing company slashed the prices of most of the desktop models by about 15 percent with immediate effect. Assumptions I. The company may incur heavy losses due to reduction in prices of the desktop. II. The sales of desktop manufactured by the company may increase substantially in the near future.

Argument - an argument is a series of statements used to present reasons for accepting a conclusion.  Example Statement: The ground was slippery -  it must have been raining. This statement consists of three parts discussed below. Premise or preposition: The ground was slippery. Premise is the basis or supporting statement on which we make further statements/ conclusions. There can be more than one premises in an argument. Assumption: The ground become slippery only when it rains. Assumption is a Hidden premise -  a missing link in the chain of argument. Conclusion: it must have been raining.... Show more

Argument - an argument is a series of statements used to present reasons for accepting a conclusion.  Example Statement: The ground was slippery -  it must have been raining. This statement consists of three parts discussed below. Premise or preposition: The ground was slippery. Premise is the basis or supporting statement on which we make further statements/ conclusions. There can be more than one premises in an argument. Assumption: The ground become slippery only when it rains. Assumption is a Hidden premise -  a missing link in the chain of argument. Conclusion: it must have been raining. Understanding Assumption (concept): Assumption provides an hidden basis/support to the whole structure of an argument.(imagine like base of a building). If we remove this basis/support whole argument would baseless/illogical.

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