What is 'sequential markets' in SAP CRM-IM-IPM - Intellectual Property Management?

sequential markets - Overview

• Component: CRM-IM-IPM

• Component Name: Intellectual Property Management

• Description: Sequential markets define the markets such as books, cinema, TV etc for which the exploitation right has been released. Rights to a novel can for example first be granted to the book market exclusively e.g. translation rights. At a subsequent point, they can then be released for the cinema market to film the work and then to the television market to broadcast the film.

sequential markets - Details

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  Key Concepts: 
  Sequential markets are a type of market structure in which the same product is sold in multiple markets, with each market having its own price. In the case of SAP CRM-IM-IPM Intellectual Property Management, this refers to the ability to manage intellectual property rights across multiple markets. 
  
  How to use it: 
  SAP CRM-IM-IPM Intellectual Property Management allows users to manage intellectual property rights across multiple sequential markets. This includes tracking and managing the rights associated with each market, as well as setting different prices for each market. 
  
  Tips & Tricks: 
  When managing intellectual property rights across multiple sequential markets, it is important to ensure that the rights associated with each market are properly tracked and managed. Additionally, it is important to set different prices for each market in order to maximize profits. 
  
  Related Information: 
  For more information on SAP CRM-IM-IPM Intellectual Property Management, please visit the SAP website at https://www.sap.com/products/crm-im-ipm.html.