Products and Services becoming Obsolete

• What does the term 'obsolete' mean?

  Out of date
• What typically replaces obsolete products?

  New products
• What is the product life cycle?


  Sales of a product over time
• What happens when a product reaches the end of its life cycle?

  It is often replaced by an updated version
• What is one main reason products become outdated?

  Technological advancement
• How can consumers shop differently now?

  They can shop online
• How does technological advancement contribute to product obsolescence?

  It leads to the development of new products