______ refers to the business practice of designing products to retain their worth for only a short time.
A) Planned obsolescence
B) Perceived obsolescence
C) Conspicuous consumption
D) Treadmills of production

Question

Quizplus · Accepted Answer

Planned obsolescence is the business practice of intentionally designing products with a limited lifespan, encouraging consumers to replace them with newer models, thus increasing sales and profit. This practice is accomplished by redesigning products to become outdated quickly, making them difficult to repair, or ceasing to produce the necessary parts that make them functional.

______ Refers to the Business Practice of Designing Products to Retain