Final answer:
Planned obsolescence is a business strategy where products are intentionally designed to have a limited lifespan, and the example of the bald tires on a car illustrates this concept.
Step-by-step explanation:
This question is related to the concept of planned obsolescence in business. Planned obsolescence refers to the practice of intentionally designing products to have a limited lifespan or become outdated quickly, encouraging consumers to replace them more frequently.
The example given in the question, of a car with great gas mileage but bald tires needing replacement, can be seen as an illustration of planned obsolescence. The tires wearing out faster prompts the need for a new set of tires, generating additional sales for the tire industry.