When a Company Practices Planned Obsolescence,it _____

question 45

Multiple Choice

When a company practices planned obsolescence,it _____.

• A)produces a product that is of a higher quality at a much lower cost
• B)does not produce goods that are expected to last for a long period of time
• C)recalls goods for which demand has fallen significantly in the market
• D)differentiates its product slightly and sells the product at a much higher price

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Definitions:

Nuts

Edible seeds enclosed in a hard shell, often enjoyed as a snack or used in cooking.

Utility Function

A mathematical representation of how consumers rank different bundles of goods based on the satisfaction each bundle provides.

Indifference Curve

A representation of the consumer's preferences, illustrating different combinations of goods that provide the same level of utility or satisfaction.

Apples

Edible fruits from the apple tree, known for their sweet taste and crunchy texture, and used in a variety of culinary dishes.