Question

CD players have been declining for years. Recognizing that CD players are a thing of the past, those who manufactured CD players have not attempted to make any changes but are letting them live out the remainder of their lives. The makers of CD players have new technology to explore and do not want to waste resources trying to prolong the life of an obsolete technology. This is an example of _______.a. an immediate dropb. a phase-outc. a run-offd. harvestinge. product fading

Answer 1

Answer: phase out

Explanation: In simple words, phase out refers to a situation decision under which an entity decides to discontinue an act, project or service etc.

In the given case, the CD player industry suffered from a decline due to the introduction of new technology. The makers of the players knew that continuing to provide their product will not benefit them in any way.

Thus, we can conclude that the given case depicts that the given case depicts phase out.