Which factor can lead to the obsolescence of a product?

Technological advancements are a primary factor that can lead to the obsolescence of a product. As technology progresses, new features, improved efficiencies, and enhanced functionalities often emerge, making older products seem outdated or less desirable. For example, the rapid development of smartphones has led to previous models becoming obsolete as consumers prefer devices that incorporate the latest software, improved camera technologies, and more robust capabilities that newer models offer.

In contrast, consistent product demand, stable market conditions, and durable materials do not typically drive obsolescence. Consistent demand may actually contribute to a product’s longevity in the market, while stable market conditions can provide a conducive environment for products to thrive without being quickly replaced. Durable materials may ensure that a product lasts longer, potentially extending its lifecycle rather than contributing to its obsolescence.