Characteristic of products that consumers used to value, Business Management

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Characteristic of products that consumers used to value

One characteristic of products that consumers used to value was that products were made to last. Now with technology products like cell phones, video games, and televisions there always seems to be a new version of the product that was just released. Many consumers will buy the latest version even though the version they have still meets all their needs. What is the social value of this, and is it economic waste?

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Business Management: Characteristic of products that consumers used to value

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