What do you mean by obsolescence?
Daniel Johnston
Score: 4.3/5 (70 votes)
: the process of becoming obsolete or the condition of being nearly obsolete the gradual obsolescence of machinery reduced to obsolescence the planned obsolescence of automobiles.
What do you understand by obsolescence?
Obsolescence is the state of being which occurs when an object, service, or practice is no longer maintained, required, or degraded even though it may still be in good working order. ... Obsolete also refers to something that is already disused or discarded, or antiquated.
What does obsolescence mean in technology?
When a technical product or service is no longer needed or wanted even though it could still be in working order. Technological obsolescence generally occurs when a new product has been created to replace an older version. +1 -1.
What is called obsolescence in accounting?
Obsolescence in the business sense is the loss in value of an asset due to loss of usefulness or technological factors; obsolescence describes an asset which is "out of date." Obsolescence is not related to the physical usefulness or workings of the asset.
Has been obsolete meaning?
Something that is obsolete is no longer needed because something better has been invented. So much equipment becomes obsolete almost as soon as it's made. Synonyms: outdated, old, passé, ancient More Synonyms of obsolete.
Obsolescence Definition - What is Obsolescence?
What render means?
1 : to transmit to another : deliver. 2 : to furnish for consideration, approval, or information: as. a : hand down render a judgment. b : to agree on and report (a verdict) — compare enter. 3 : to give in acknowledgment of dependence or obligation : make payment of.
What is the meaning of the term arid?
1 : excessively dry specifically : having insufficient rainfall to support agriculture an arid region. 2 : lacking in interest and life : jejune arid textbooks.
What is a synonym for obsolescence?
Synonyms & Near Synonyms for obsolescence. antiquation, datedness, obsoleteness, old-fashionedness.
What is the meaning of obsolescence in business?
Obsolescence risk is the risk that a process, product, or technology used or produced by a company for profit will become obsolete, and thus no longer competitive in the marketplace. This would reduce the profitability of the company.
What is the difference between depreciation and obsolescence?
when fixed asset are used for producing goods and services of business, their values are bound to decrease such reduction in value of fixed assets due to their productive use is called depreciation. obsolescence refers to decrease in usefulness caused on account of the asset becoming out of date , olf fashioned etc.
What is Consumer obsolescence?
Planned obsolescence describes a strategy of deliberately ensuring that the current version of a given product will become out of date or useless within a known time period. This proactive move guarantees that consumers will seek replacements in the future, thus bolstering demand.
What is physical obsolescence?
Physical obsolescence is the decline in a property's valuation due to physical depreciation or gross mismanagement. It is a given that there will be physical deterioration in all real estate assets over time, but it can be managed with a proactive maintenance and replacement program.
What are the different types of obsolescence?
- Technological Obsolescence.
- Functional Obsolescence.
- Legal Obsolescence.
- Style/Aesthetic Obsolescence.
- Economic Obsolescence.
What does non obsolescence mean?
Lack of obsolescence; currentness. noun.
What is planned obsolescence with example?
Planned obsolescence refers to the purposeful implementation of strategies designed to get a customer to buy a new product by making the older one undesirable or non-functional. ... Examples of planned obsolescence include: Limiting the life of a light bulb, as per the Phoebus cartel.
What is electronic obsolescence?
Obsolescence occurs when a PCB or other electronic product has components that pass the point of repair or replacement, potentially rendering a whole system dysfunctional.
What is financial obsolescence?
the reduction in the value of a FIXED ASSET because of a significant change in demand or technology which renders the asset out of date, or comparatively inefficient.
What is obsolescence in economics?
Economic obsolescence (EO) is the loss of value resulting from external economic factors to an asset or group of assets. ... the economics of an industry; loss of resources (material and/or labor);
What is provision for obsolescence?
The provision for obsolete inventory percentage is used to establish the dollar amount of your expected obsolete inventory. This amount can change as you adjust your inventory buying to reduce long-term unsold inventory.
Is kaput in English word?
The German word kaputt ("destroyed"), from which derives the English colloquialism 'kaput' or 'caput,' meaning done, or finished, is not related to this word. The origin of the German word, and consequently the English words, is a borrowing from the French: être capot, lit. 'to be bonnet' or fig. 'to be defeated'.
Is Obsoletion a word?
“Obsoletion.” Merriam-Webster.com Dictionary, Merriam-Webster,
How are deserts formed?
Deserts are formed by weathering processes as large variations in temperature between day and night put strains on the rocks which consequently break in pieces. Although rain seldom occurs in deserts, there are occasional downpours that can result in flash floods.
What are the hot dry and barren lands called?
being without moisture; extremely dry; parched: arid land;an arid climate. barren or unproductive because of lack of moisture: arid farmland.
What is aridity in geography?
Aridity is a nature produced permanent imbalance in the water availability consisting in low average annual precipitation, with high spatial and temporal variability, resulting in overall low moisture and low carrying capacity of the ecosystems. From: Agricultural Water Management, 2002.
