Which of the following best describes the business approach of Alfred P Sloan, chairman of GM, that boosted sales in the 1920s and lured customers into buying more cars?

Question

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Alfred P. Sloan introduced the concept of planned obsolescence, where new car models with significant design changes were introduced frequently, encouraging customers to purchase the latest models even if their current cars were still functional. This strategy significantly boosted GM's sales by creating a demand for new models.

Which of the Following Best Describes the Business Approach of Alfred