Obsolescence

The concept of obsolescence in marketing refers to the idea that some products or services become obsolete and no longer require use after a certain period of time.

This can impact how customers view and use a product, as well as the company’s financial situation.

There are many factors that can contribute to a product becoming obsolete, such as technological advances, market changes, and consumer preferences.

Companies must take these factors into account when developing their marketing strategies.

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