(obsolescence)
41Planned Obsolescence — A manufacturing decision by a company to make consumer products in such a way that they become out of date or useless within a known time period. The main goal of this type of production is to ensure that consumers will have to buy the product… …
42built-in obsolescence — ► PRODUCTION, MARKETING a feature of a product or part of its design that means it will not last for a long time: »Commercial property has built in obsolescence, being sensitive to technological change. Main Entry: ↑obsolescence …
43economic obsolescence — see obsolescence Merriam Webster’s Dictionary of Law. Merriam Webster. 1996 …
44functional obsolescence — see obsolescence Merriam Webster’s Dictionary of Law. Merriam Webster. 1996 …
45inventory obsolescence — UK US noun [U] ACCOUNTING, COMMERCE ► the situation in which a company s supply of goods or materials is too old to be sold or used: »One of the risks associated with long manufacturing cycles is inventory obsolescence …
46artificial obsolescence — /ˌɑ:tɪfɪʃ(ə)l ɒbsə les(ə)ns/ noun the practice of deliberately making old models seem out of date by bringing out new ones with changes and additional features which will attract the customer ● Artificial obsolescence is making our products seem… …
47planned obsolescence — /ˌplænd ˌɒbsə les(ə)ns/ adjective built in obsolescence ● Planned obsolescence was condemned by the consumer organisation as a cynical marketing ploy …
48economic obsolescence — Loss of desirability and useful life of property due to economic developments (e.g. deterioration of neighborhood or zoning change) rather than deterioration (functional obsolescence). Term as used with respect to valuation of property for… …
49economic obsolescence — Loss of desirability and useful life of property due to economic developments (e.g. deterioration of neighborhood or zoning change) rather than deterioration (functional obsolescence). Term as used with respect to valuation of property for… …
50built-in obsolescence. — See planned obsolescence. * * * …
