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The world intellectual property organization in 1977 edition of the licensing handbook "for developing countries to use, to the definition of technology:" technology is knowledge for the manufacture of a product system, the adoption of a process or provide a service, regardless of whether this knowledge is reflected in an invention, a shape design, a utility model, or a kind of new plant varieties, or reflected in technical information or skills, or reflected in the expert for the design, installation, run a factory or maintenance or for managing a business or its activities and provide services or assistance, etc." This is by far the most comprehensive and complete definition of technology in the world. In fact, the intellectual property organization defines all the scientific knowledge that can bring economic benefits to the world as technology
Price means the interest rate of which the merchandise can be bought. A number of factors are involved in determining the price tag on a product. These include competition, business, product identity, material costs as well as the value customers perceive of something. In fact cost is also driven by competitor's products. If the competitors have similar product, then the cost of something will go down.
An IHS automotive analyst pointed out that whilst the purchase is a real fine one, it is strategically insignificant. He noted that Ducati sales, which sold 42,000 bikes next year alone, will be more compared to the sales of two of Volkswagen's other brands combined, most simply view motorcycles as an accessory instead of an authentic automotive counterpart.
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