Obsolescence refers to the insufficient capacity of a company's plant assets to meet the company's growing productive demands.

Name: Obsolescence refers to the insufficient capacity of a company's plant assets to meet the company's growing productive demands.
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Question

Quizplus · Accepted Answer

Obsolescence refers to the process of becoming outdated or no longer used, often due to technological advancements or changes in market demands, not the insufficient capacity of assets.

Obsolescence Refers to the Insufficient Capacity of a Company's Plant