Product refurbishment is the process of restoring used or damaged products to a like-new condition, typically involving repair, cleaning, and sometimes upgrading components. This practice not only extends the lifecycle of products but also aligns with growing consumer demand for sustainable practices and environmentally-friendly purchasing options. By focusing on refurbishment, companies can address shifting market trends that favor circular economy principles, reduce waste, and meet consumer expectations for responsible consumption.
congrats on reading the definition of Product Refurbishment. now let's actually learn it.