What are the benefits of proprietary products?
There are several advantages to proprietary products over open source products: better quality control issues in creating products; a firmer control over the licensing, either the technology the product is based on or what material (music in this case) can be used with the proprietary device; the potential to build …
What are proprietary features?
Proprietary Feature means any name, trademark, service mark, trade name, domain name, navigational element, copyright, or logo which is proprietary to LeadersOnline and/or VerticalNet, as appropriate.
What are non proprietary products?
adjective. not protected by trademark or patent or copyright. “nonproprietary products are in the public domain and anyone can produce or distribute them” Synonyms: generic. (of drugs) not protected by trademark.
What is a proprietary approach?
So what is a proprietary process and why do you need one? A proprietary process – or trade secret – is a distinct problem-solving methodology for your professional or technology-based service firm. It’s an approach that’s unique to your company. It’s what separates you from your competitors.
What does a proprietary brand mean?
(prəˈpraɪətərɪ brænd ) noun. business. a brand of product that is privately owned and controlled.
What is a proprietary manufacturer?
2 : something that is used, produced, or marketed under exclusive legal right of the inventor or maker specifically : a drug (such as a patent medicine) that is protected by secrecy, patent, or copyright against free competition as to name, product, composition, or process of manufacture.
What are examples of proprietary products?
An example of a proprietary product is Adobe Acrobat , whose Portable Document Format ( PDF ) files can only be read with the Acrobat Reader. Microsoft is often held up as the best example of a company that takes the proprietary approach. It should be observed that the proprietary approach is a traditional approach.
What is an example of proprietary?
An example of something that would be described as proprietary is the ownership interest you have in your possessions. An example of something that would be described as proprietary are the patented drawings for a new product. A proprietor or group of proprietors.
What is proprietary and non-proprietary?
Proprietary systems integrate exclusively with equipment and software produced by the company that manufactured the system, while non-proprietary building control systems can integrate with a variety of different equipment manufacturers and software platforms.
What is a non-proprietary fund?
Non-proprietary funds are managed and sold by an outside institution. They will carry the name of the managing institution, such as T. Rowe Price or Fidelity. These funds are more brand name, and they may be perceived as more prestigious options. In general, their fund managers are more experienced in the field.
What is difference between non proprietary and proprietary?
What are proprietary standards?
Specifications for hardware or software that are controlled by one company. When a proprietary standard such as Windows is widely used, it becomes a “de facto” standard even though it is not governed by a standards organization. Contrast with open standards.
How do you use the word proprietary?
Proprietary in a Sentence 🔉
- The soft drink company uses it proprietary formula to exclusively make its best selling beverage.
- Because the company tried to steal our proprietary recipe, we took them to court.
- Wall Street hedge funds use proprietary algorithms to make the best trades for their clients.
What is an example of a proprietary?
Does proprietary mean for profit?
belonging or controlled as property. (of a brand name, product, service, formula, etc.) protected by a patent, copyright, or trademark: proprietary drugs; a proprietary name; a proprietary logo; a proprietary blend of ingredients. privately owned and operated for profit: proprietary hospitals.
Does proprietary mean branded?
The definition of proprietary brand in the dictionary is a brand of product that is privately owned and controlled.
What is a proprietary product in pharmacy?
A proprietary medicine is a preparation that is owned or controlled by an individual or individuals. This control is held either by a copyright or trade name, or by a patent.
What is another word for proprietary?
Synonyms & Near Synonyms for proprietary. exclusive, single, sole, unshared.
What does proprietary equipment mean?
Proprietary: Equipment and/or software that is exclusive, patented, trademarked, copyrighted, to prevent or preclude other capable companies in the security equipment trade from continuing service, repair, upgrades or additions into the system.
What are examples of proprietary funds?
Proprietary funds are those that are most like funds in the private sector. According to GAAFR (the Blue Book), proprietary funds are “used to account for activities that receive significant support from fees and charges.” There are two types of proprietary funds: enterprise funds and internal service funds.
What is the meaning of proprietary name?
noun. a name of a product or service that is protected by a patent, copyright, or trademark and cannot be used by another party for commercial purposes without permission of the registered owner or licensee.
What is open source and open standards?
Open source and open standards are not the same thing. Open source refers to software whose source code is freely available to users for reference, debugging, modification, and/or extension. Open standards are, typically, specifications: formal descriptions of software or software interfaces.
What are proprietary examples?
An example of something that would be described as proprietary is the ownership interest you have in your possessions. An example of something that would be described as proprietary are the patented drawings for a new product.
Which drug name is proprietary?
The proprietary name for a drug is its “brand” name. For example, the erectile dysfunction drug sildenafil is marketed by Pfizer under the brand name “Viagra.” In many cases, the brand name is easier to understand and recall for both consumers and healthcare providers alike.
What is proprietary and non proprietary drugs?
Non-proprietary name is the name for the active ingredient in the medicine that is decided by an expert committee and is understood internationally (WHO, 2013a). Thus, paracetamol/acetaminophen is the non-proprietary name (generic name) while Crocin/Metacin/Meftal/Tylenol etc. are brand names.