By Corey Grandmaison

Oral Communications 112

Cyclical Consumption

Introduction

-What Cyclical Consumption is-Economic Classification-the Market Mentality, Competition and its Incentive Concept-Logical item Construction-Public Affordability and hence Cost Efficiency-Intrinsic Obsolescence-Planned Obsolescence

Preview of main points

EmployeeEmployer

Consumer

Cyclical Consumption?

Circular Consuming, This is what Cyclical Consumption is..

What is Cyclical Consumption?

*If this process was broken or interrupted the system would Collapse

“The competitive market model creates the best possible goods at the lowest possible prices.”

(Market) Incentive Concept

This is what justifies market competition based on the assumption that the result is higher quality goods.

Exercise:

-Cost of Labor -Cost of materials-Cost of packaging ect…

Cost Efficiency*Every element that exists in the equation that has a cost is subject to Cost Efficiency.

-( Incentive Concept)Competitive strategy- to ensure that the public buys their goods rather then from a competitor. Which is doing the exact same thing to also undercut and make their goods both affordable and competitive.

It is technically impossible to produce the best quality of anything if a company is to maintain a competitive edge, to maintain market share and hence remain affordable to the pubic.

Affordability

* About 99% of everything created and set for sale in the global market is immediately inferior the moment its produced.

Governing Economic Rule:

“Nothing produced can be allowed to maintain a lifespan longer than what can be endured in order to maintain or continue Cyclical Consumption.” –Peter Joseph

Intrinsic Obsolescence

Obsolescence- A loss in the utility or value of property that results over time from limitations.Incentive- A thing that motivates or encourages one to do something. Holistic-Emphasizing the importance of the whole and the interdependence of its parts.

Terms to Know

Or built-in Obsolescence is the designed breakdown, failure and useful life of a given product.

•The direct and reinforced incentive to make sure life spans are short on any given good produced.

Planned Obsolescence=