The Dynamic Nature of Business – Product and Service Obsolescence
A clear and detailed resource exploring how products and services become obsolete and the impact on business operations.
This resource explains the concept of obsolescence, its causes, and how businesses respond to maintain competitiveness and market relevance.
Key features:
Examines both product and service obsolescence with practical examples.
Explains causes such as technological change, consumer preferences, and planned obsolescence.
Describes business strategies to manage obsolescence, including innovation and diversification.
Highlights the financial and operational implications of outdated products or services.
Explores the connection between obsolescence and market trends.
Includes an accompanying worksheet to reinforce and practise key concepts.
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£1.50