Question

The satellite dish at Faye's weekend home has malfunctioned. When she calls to have the dish repaired, the service representative tells her that the dish is obsolete and that parts for it are no longer made. Faye must replace the old dish with a new dish. This is an example of lack of firm loyalty to a product in a fast-cycle market.

Answer 1

The satellite dish at Faye's weekend home becoming obsolete and requiring replacement is an example of planned obsolescence in a fast-cycle market.

Step-by-step explanation:

The situation described in the question is an example of planned obsolescence, which is a business practice that involves planning for a product to be obsolete or unusable from the time it is created. In this case, the satellite dish at Faye's weekend home has become obsolete and parts for it are no longer made, requiring her to replace it with a new dish.

Planned obsolescence is a common strategy used by companies in fast-cycle markets, such as technology and electronics. By making products that are designed to fail or become outdated within a certain time frame, companies can encourage consumers to purchase newer models and generate additional revenue.

While planned obsolescence can be advantageous for companies, it can be frustrating for consumers who have invested in products that become obsolete before they have fully worn out or require replacement. It is important for consumers to consider the lifespan and durability of products before making purchases to minimize the impact of planned obsolescence.