No
No
Yes; patents and copyrights are temporary monopolies.
No, trademarks cannot be granted for generic terms but can be registered if they acquire secondary meaning.
Good question. In business, forms of procurement usually refer to the different ways organizations acquire goods, services, or works. Procurements can be classified based on supplier selection method, purchasing approach, or contract structure. Common Forms of Procurement Direct Procurement Purchasing raw materials, components, or items directly used in production (e.g., manufacturing inputs). Indirect Procurement Acquiring goods and services that support operations but are not part of the final product (e.g., office supplies, IT services). Goods Procurement Buying physical products such as equipment, machinery, or consumables. Services Procurement Engaging third parties for professional or operational services (consulting, logistics, maintenance, marketing, etc.). Works Procurement Contracting construction or infrastructure-related activities (buildings, civil works, installations). Procurement Based on Supplier Selection Open Tendering Any qualified supplier can bid; it promotes competition and transparency. Restricted / Selective Tendering Only pre-qualified or invited suppliers participate. Single-Source/Sole Procurement Purchasing from one supplier due to specialization, urgency, or compatibility needs. Request for Quotation (RFQ) Used for standardized, low-complexity purchases, usually price-focused. Request for Proposal (RFP) Used for complex purchases where technical capability and approach matter. Procurement Based on Strategy Local Procurement Sourcing from domestic suppliers to reduce lead time or support local industry. Global Procurement Sourcing internationally for cost advantages, technology, or capacity. Strategic Procurement Long-term, value-driven sourcing aligned with business goals. Spot/Tactical Procurement Short-term or urgent purchasing to meet immediate needs. In the working area, companies use a mix of these forms depending on cost, risk, urgency, complexity, and compliance requirements.
Trademarks are not assigned to prairie dogs.
Challenges traditional procurement
procurement
Compare and contrast the two basic procurement strategies of corporate procurement and project procurement
A procurement department is a kind of a department which handles all the activities related to procurement, like procurement services, procurement strategy, supply chain management etc.
1. A traditional procurement process is a collection of many processes by interacting with other departments of a company or with the supplier. Whereas e-procurement means electronic procurement or online procurement. 2. Traditional procurement can be done by face-to-face, or via telephone. E- Procurement can only be done through online. 3. Traditional procurement is costly E-Procurement is cost effective.
Copyrights, Trademarks and Patents are examples of Intellectual Property.
There are more than two million registered trademarks in the US alone.