Obsolescence refers to the insufficient capacity of a company's plant assets to meet the company's production demands.

Name: Obsolescence refers to the insufficient capacity of a company's plant assets to meet the company's production demands.
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Obsolescence refers to the situation where a company's plant assets are no longer useful or outdated, rather than insufficient capacity. Insufficient capacity is typically referred to as capacity constraint.

Obsolescence Refers to the Insufficient Capacity of a Company's Plant