Definitions for planned obsolescence
planned obso·les·cence

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1. planned obsolescencenoun

   A policy of deliberately planning or designing a product with a limited useful life, so it will become obsolete or nonfunctional after a certain period.

WikipediaRate this definition:0.0 / 0 votes

1. Planned obsolescence

   In economics and industrial design, planned obsolescence (also called built-in obsolescence or premature obsolescence) is a policy of planning or designing a product with an artificially limited useful life or a purposely frail design, so that it becomes obsolete after a certain pre-determined period of time upon which it decrementally functions or suddenly ceases to function, or might be perceived as unfashionable. The rationale behind this strategy is to generate long-term sales volume by reducing the time between repeat purchases (referred to as "shortening the replacement cycle"). It is the deliberate shortening of a lifespan of a product to force people to purchase functional replacements.Planned obsolescence tends to work best when a producer has at least an oligopoly. Before introducing a planned obsolescence, the producer has to know that the customer is at least somewhat likely to buy a replacement from them (see brand loyalty). In these cases of planned obsolescence, there is an information asymmetry between the producer, who knows how long the product was designed to last, and the customer, who does not. When a market becomes more competitive, product lifespans tend to increase. For example, when Japanese vehicles with longer lifespans entered the American market in the 1960s and 1970s, American carmakers were forced to respond by building more durable products.

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1. Planned obsolescence

   Planned obsolescence or built-in obsolescence in industrial design is a policy of planning or designing a product with a limited useful life, so it will become obsolete, that is, unfashionable or no longer functional after a certain period of time. Planned obsolescence has potential benefits for a producer because to obtain continuing use of the product the consumer is under pressure to purchase again, whether from the same manufacturer, or from a competitor which might also rely on planned obsolescence. For an industry, planned obsolescence stimulates demand by encouraging purchasers to buy sooner if they still want a functioning product. Planned obsolescence is common in many different products, including but not limited to wheeled can openers, screws, ear phones, ear buds, shoes, automobile batteries, and bicycle tires. There is however the potential backlash of consumers who learn that the manufacturer invested money to make the product obsolete faster; such consumers might turn to a producer that offers a more durable alternative. Estimates of planned obsolescence can influence a company's decisions about product engineering. Therefore, the company can use the least expensive components that satisfy product lifetime projections. Such decisions are part of a broader discipline known as value engineering.

How to pronounce planned obsolescence?

1. Alex

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How to say planned obsolescence in sign language?

Numerology

1. Chaldean Numerology

   The numerical value of planned obsolescence in Chaldean Numerology is: 1

2. Pythagorean Numerology

   The numerical value of planned obsolescence in Pythagorean Numerology is: 3

Examples of planned obsolescence in a Sentence

1. Jim Puckett:

   Planned obsolescence just makes it worse. People now expect to get a new computer every three or four years, a new phone every two years, it's a mountain that just keeps growing.

References

1. ^ Wiktionary
   https://en.wiktionary.org/wiki/Planned_Obsolescence
2. ^ Wikipedia
   https://en.wikipedia.org/wiki/Planned_Obsolescence
3. ^ Wikidata
   https://www.wikidata.org/w/index.php?search=planned obsolescence