The practice in which companies frequently come out with new models of a product that make existing models obsolete is an ethical issue related to new-product development and is termed
A)diffusion.
B)bait-and-switch.
C)time to market.
D)planned obsolescence.
E)diversion.

Question

Quizplus · Accepted Answer

Planned obsolescence is the practice where companies design or plan their products to become obsolete or out of use after a certain period to encourage consumers to purchase new models or versions. This strategy can lead to ethical concerns regarding sustainability and consumer rights.

The Practice in Which Companies Frequently Come Out with New