Which of the following best defines proprietary technology?
A)It is knowledge that is known but no longer used much.
B)It is knowledge that is known, but has only recently been discovered.
C)It is knowledge that is known widely by those in a profession.
D)It is knowledge that is known only by the company that discovers it.

Question

Quizplus · Accepted Answer

Proprietary technology refers to knowledge or technology that is known only to the company that discovers it and is protected by intellectual property rights such as patents or trademarks. It can give the company a competitive advantage over its rivals by creating barriers to entry.

Which of the Following Best Defines Proprietary Technology