College business professors, product designers and company technical workers have been spending the past three decades poring over and developing equations to establish the optimal length of a products warranty and guarantee. Nothing is allowed to chance; their goal is to factor in everything, from thermodynamics, to profitability. They have established formulas which enable them to pinpoint down to the day and hour when their product will break, Slade says.
Some products were designed to fail just outside of there warranty because products that last forever are not very profitable. Every manufacturing business was created for one sole purpose, to generate a profit for its owners and shareholders. Products which are not consumable, which do not expire, break, or self destruct after a specific life span does not generate more sales. You can call the demise of your purchase, just as the warranty ends, technological Murphy's Law, but the truth of the matter is, business can increase sales by decreasing product life spans and they do.
No product manufacturer wants consumers spreading negative information and giving them a bad rap for selling crappy merchandise. They want the customer - product relationship to be a good one and building in obsolescence and reduced product life span is not good business, according to Dan Ariely, who wrote Predictably Irrational. Loss aversion, the feeling consumers experience when their purchase stop operating is generally connected to two things, regret and memory, Ariely says. We are more attuned to losses than gains and because of our selective memories; we tend to remember with greater detail the instances when a products failure has something negative linked to it.
While millions of complaint letters for this exact reason fill the offices of the Better Business Bureau, Consumer Protection Agencies, and the office of the product manufacturers, Ariely would have us believe, it is all in our minds. They just don't build them like they use to. Today's products are guaranteed to provide you with service for a period of time, not a second longer and they give you exactly what they are design to do. So does that mean your product knows when its warranty ends? Well if not for real, it does so in your mind.
Published by Gerald McLeod
Living in Hawaii over 25 years. 3 adult children who left this pacific paradise for the Pacific Northwest. After years of insurance investigation reports writing is a habit. AC let s me choose what I like... View profile
iPods and Giles Slade's Book Entitled Made to BreakIn a recently-released book entitled Made to Break, author Giles Slade addresses the trend of American companies creating products that are destined to malfunction.- In the News: Automaker's Big Three Deadline Automakers in North America are pleading for 25B dollars or more in a bailout package to rescue the dying industry...
- Good Reasons to Buy an Extended WarrantyIs an extended warranty worth it?
- Forex Trading: Can Technology Improve Success?Forex Trading used to be for the rich, professional and financial institution. New technology has opened a new demographic of traders - everyday you and me. It has helped success rate in forex trading even if you ar...
Keep Your Baby Safe: Product RecallsKeeping your baby safe is your highest priority. Follow these tips to make sure you stay updated on current baby product recalls and information.
- Tips for Buying Your First Pair of Glasses
- The Migration to a Digital World in America
- A Brief History of Engineering in America
- The Impact of White Collar Crime in America
- Don't Replace Your Extended Service Contract with a Product Warranty
- Making the Absolute Most of Your PC Product Warranty
- Why it Pays to Fill Out that Little Warranty Registration Card on Anything You Buy



