planned obsolescence
Definition
Business practice of deliberately outdating an item (much before the end of its useful life) by stopping its supply or service support and introducing a newer (often incompatible) model or version. Its objective is to prod the consumer or user to abandon the currently owned item in favor of the 'upgrade.' Most prevalent in computer hardware and software industry.
Mentioned in these definitions
Popular 'Accounting & Auditing' Terms
planned obsolescence in the news
This content can be found on the following page:
http://www.businessdictionary.com/definition/planned-obsolescence.html







