Which of the following can cause stock obsolescence?

The correct choice is based on the understanding that technological change can significantly impact product relevancy and consumer preferences, leading to stock obsolescence. When technology evolves, products may become outdated or less desirable as newer options emerge. For instance, advancements in technology can render previous models obsolete, affecting the demand for existing stock. Companies must adapt to these changes to avoid holding inventory that is no longer salesworthy. This is particularly pertinent in sectors such as electronics, where rapid innovation can quickly change consumer expectations and industry standards.

In contrast, stable consumer demand, improved supply chain management, and consistent product specifications are generally associated with maintaining inventory stability rather than inducing obsolescence. Stable demand suggests ongoing sales potential for products, while effective supply chain management enhances the efficiency of managing inventory to meet consumer needs. Consistent product specifications usually lead to predictable production and sales cycles, reducing the likelihood of stock becoming obsolete. Therefore, technological change emerges as a clear factor that can lead to stock obsolescence, making it the correct choice in this context.