Postponement is the act of delaying or rescheduling an event or task to a later time. This can happen for various reasons, such as unexpected circumstances or the need for more preparation. For example, if a birthday party is planned for a rainy day, the host might choose to postpone it to ensure everyone can enjoy the celebration. In business, postponement can be a strategic decision. Companies may delay the launch of a new product to gather more market research or improve its features. This approach can help ensure that the product meets customer needs and stands out in a competitive market.