A Plant Patent Lasts for

question 39

Multiple Choice

A plant patent lasts for

• A)14 years from the date of issuance.
• B)70 years after the death of the person who filed the patent.
• C)20 years from the date of application.
• D)the life of the person who filed the patent.

---

Definitions:

Product Life Cycle

The stages a product goes through from introduction to growth, maturity, and finally decline in the market.

Harvesting Strategy

A business approach focused on extracting maximum profit from a product, market segment, or business unit with no intention of long-term investment.

Decline Stage

A phase in the product lifecycle characterized by a decrease in sales and profits, often leading to the eventual withdrawal of the product from the market.

Product Category

A group of products that are closely related either because they function in a similar manner, are sold to the same customer groups, are marketed through the same types of outlets, or fall within given price ranges.