FUNCTIONAL OBSOLESCENCE Meaning and
Definition
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Functional obsolescence refers to a reduction in the desirability or usefulness of a product or property due to factors related to its design, layout, or features, rendering it less efficient or competitive compared to newer alternatives. It can occur in various contexts, such as technology, manufacturing, or real estate.
In the field of technology or electronics, functional obsolescence signifies products or devices that are outdated and inefficient, unable to keep up with the demands of modern usage or lacking compatibility with newer technology. For instance, a smartphone with limited processing power or outdated operating systems may be considered functionally obsolete in a market flooded with more advanced alternatives.
Within manufacturing, functional obsolescence can arise when a product's design or features become impractical or less efficient due to advancements in production techniques or changes in consumer preferences. This can result in decreased demand for the outdated product and subsequent discontinuation.
In real estate, functional obsolescence relates to a property feature or design flaw that diminishes its value or desirability. This can manifest in various ways, such as outdated infrastructure, inconvenient layout, lack of modern amenities, or inadequate parking facilities.
Overall, functional obsolescence reflects the diminished functional utility of a product or property in comparison to newer alternatives, rendering it less competitive, desirable, or useful, and often leading to a decrease in its market value.
Common Misspellings for FUNCTIONAL OBSOLESCENCE
- Functinal obsolescence
- Functional obselescence
- Functional obsolesence
- Functional obsolosence
- Fuctional obsolescence
- Funktional obsolescence
- Funcciional obsolescence
Etymology of FUNCTIONAL OBSOLESCENCE
The word "functional" comes from the Latin word "functionalis", which means "pertaining to performance" or "performing a particular function". The term "obsolescence" originates from the Latin word "obsolescere", meaning "to fall into disuse" or "to become obsolete".
When these two words are combined, "functional obsolescence" refers to a condition or state in which something (such as a product, system, or structure) becomes obsolete or outdated due to its inability to perform its intended function efficiently or effectively.
