It is a “cured” meat, so if it’s decently sealed up, it could last quite a bit longer than 7 days.
Now salami, that you could leave sitting around for a year and it would still be edible.
Hanging around in the cold cellar for multiple years, just knock off the flies.
I put hot bacon grease on salads with just a little vinegar, fantastic dressing.
That used to be the case, now not so much it is mostly artificially flavored. People won't buy real smoked ham so it is pumped full of water fo make it more palatable. I really don't know how they currently process bacon but I doubt it involves a smoke house.
I can remember when you could buy real smoked ham in the store but it wasn't nearly so tasty as it is today.