There is a cost associated with patenting a product and, Operation Management

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There is a cost associated with patenting a product and

There is a cost associated with patenting a product, and some companies produce more than one new product in a month. The products might have a short life (6 months to two years). Products with short life cycles normally are simple and easy to copy. There are some disadvantages for patenting these products, and this brings us to our discussion for this week.

Explain why some companies with short product life cycle prefer not to patent their products.

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