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.
Some of the techniques recommended include: Comparison of Competitive Bids. Obviously, this is one of the best means for validating price. By asking three or more suppliers of their prices for the same product, we can determine if a particular price is reasonable. However, this does not preclude total cost analysis. The lowest bid may not always represent the lowest cost. The total cost of acquisition must be analyzed.