Traditional Culture Encyclopedia - Traditional culture - Pricing differences between patented products and non-patented products
Pricing differences between patented products and non-patented products
1, exclusivity: A patented product has the ability to monopolize the market because of its patent right. Compared with generic products, they can determine the price more flexibly.
2. Intellectual property protection costs: behind patented products, high R&D costs and intellectual property protection costs are usually required, which will be reflected in product pricing.
3. Degree of market competition: If there are many substitutes or competitors in the market, the pricing of patented products needs to consider market demand, competitive strategy and other factors, which is not much different from non-patented products.
4. Product added value: Patented products usually have technological innovation, unique functions or the ability to solve specific problems, and these added values will also affect product pricing.
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