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What is obsolescence?

What is obsolescence?

Obsolescence occurs when a product or service is no longer wanted because something better, cheaper or more convenient has replaced it. The product may still work, but customers stop buying it.

1.1.1b Why new business ideas come about: obsolescence Lesson

  1. GCSE
  2. /Business
  3. /1.1.1b Why new business ideas come about: obsolescence

Step-by-step lessons on Edexcel GCSE Business 1.1.1b Why new business ideas come about: obsolescence. Each one builds up to exam-style questions. Start by mastering business terminology and the functional areas (marketing, finance, operations, HR) before moving on to the extended, evaluation-heavy questions that carry the most marks.

Lessons