Is it a good or bad thing to have products that last a long time?

High-quality products can last for years, or even a lifetime, offering significant value to the consumer. However, products that don’t last forever are typically cheaper to make and sell and may mean that a customer has to return to your business every few months or years for a replacement item.

How do we say that the product or service is of quality?

In technical usage, quality can have two meanings: 1. the characteristics of a product or service that bear on its ability to satisfy stated or implied needs; 2. a product or service free of deficiencies. According to Joseph Juran, quality means “fitness for use”.

Why is planned obsolescence bad for the consumer?

Discarded electronics contain toxic materials that seep out and contaminate the environment. This, combined with planned obsolescence and other premature “End of Life” processes, accounts for harmful electronic waste that is becoming an increasing threat to the environment.

Is planned obsolescence real apple?

How Planned Obsolescence Is Created. While the example of Apple (silently) slowing down iPhones on purpose is a noteworthy potential case of planned obsolescence, it isn’t the only way that manufacturers can make a product obsolete. One way is by stopping software updates entirely.

What are the risks to firms of not developing new products?

Risks Associated with Product Development

• Risk of major delays and economic costs due to belief that high utilization of resources improves performance.
• Increasing costs as a result of processing work in large batches.
• Risk of losing opportunities by “sticking” to a single development plan.

Why is it important to actually observe consumers and customers to develop new products?

Studying consumer behavior is important because it helps marketers understand what influences consumers’ buying decisions. By understanding how consumers decide on a product, they can fill in the gap in the market and identify the products that are needed and the products that are obsolete.

Do products last forever?

Why should a product be long lasting?

Durability Makes Things More Economical Cheaper, less durable products are naturally prone to much more frequent breakages, which means that repair or replacement expenses can quickly ramp up, making ultimately them more costly.

Why is it necessary to identify products or services that are not performing well in the market?

Product knowledge is an essential sales skill. Understanding your products’ features allows you to present their benefits accurately and persuasively. Customers respond to enthusiastic sales staff who are passionate about their products and eager to share the benefits with them.