A maximum of 5 years can be restored to the patent. In all cases, the total patent life for the product with the patent extension cannot exceed 14 years from the productâs approval date, or in other words, 14 years of potential marketing time. If the patent life of the product after approval has 14 or more years, the product would not be eligible for patent extension.
It overcomes. disbelief that there are, by example, other ways of achieving and creating. overall enhancement of an organization (Fuller, 1997). Types of benchmarking. There are four different types of benchmarking which consist of: internal. benchmarking, competitive benchmarking, functional or industry.
A competitive-based pricing strategy may be employed when there is little difference between products in an industry. For example, when people purchase paper plates or foam cups or a picnic, they often shop for the lowest price when there is minimal product differentiation.rice Skimming. Another type of pricing strategy is price skimming, in which a company sets its prices high to quickly recover expenditures for product production and advertising. The key objective of a price skimming strategy is to achieve a profit quickly.