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When used in business practices, technology can ensure the competitiveness of companies and other companies. But the cost of achieving, inventing or using technology, called intellectual property, is very high. Therefore, many societies, such as the United States, Europe, and Taiwan, would give the government protection from this investment, through the granting of patent, exclusive rights. This protection enables companies to invest in technical costs that can be recycled, thus encouraging innovation. But there is another point, too, that patent overprotection can hamper innovation.
The German auto producer Mercedes-Benz has long obtained the distinction for being a reliable name in the market of producing high-class cars in addition to trucks, buses, and coaches of the greatest quality and extremely useful engineering models. Founded in 1886, Mercedes-Benz could be the earliest car manufacturer in which to stay existence until today - not forgetting essentially the most established no matter the presence of other, newer suppliers within the international automotive scene.
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