AgfaPhoto, the struggling consumer imaging company, recently filed for bankruptcy. It is one of many companies that have fallen victim to the shift from traditional film to digital photography. The number of bankruptcies in this industry indicate that traditional film photography has experienced:
A) technological obsolescence.
B) product depositioning.
C) trading down.
D) style obsolescence.
E) fashion obsolescence.

Question

Quizplus · Accepted Answer

Technological obsolescence occurs when a product is no longer useful due to advancements in technology. The shift from traditional film to digital photography rendered traditional film photography obsolete, leading to the struggles of companies like AgfaPhoto.

AgfaPhoto, the Struggling Consumer Imaging Company, Recently Filed for Bankruptcy