BACHELOR OF BUSINESS ADMINISTRATION

Detailed explanation-1: -Planned obsolescence is a business strategy in which the obsolescence (the process of becoming obsolete-that is, unfashionable or no longer usable) of a product is planned and built into it from its conception.

Detailed explanation-2: -Planned obsolescence describes a strategy of deliberately ensuring that the current version of a given product will become out of date or useless within a known time period. This proactive move guarantees that consumers will seek replacements in the future, thus bolstering demand.

Detailed explanation-3: -What Does Product Obsolescence Mean? Product obsolescence refers to the time and state in which a piece of technology or product ceases to be useful, productive or compatible. Product obsolescence may occur when a company stops producing, marketing or supporting a sold or developed product.

Detailed explanation-4: -The most common instance of planned obsolescence is visible in the fashion industry. The fashion industry periodically comes up with new designs and garments to outdate the old designs. As a result, it pushes the customers to replace their wardrobes every few months.