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In the context of the U.S. government, the Federal Acquisition Regulation (FAR) has defined "COTS" as a formal term for commercial items, including services, available in the commercial marketplace that can be bought and used under government contract. [1] For example, Microsoft is a COTS software provider. Goods and construction materials may ...
While less common than commercial proprietary software, free and open-source software may also be commercial software in the free and open-source software (FOSS) domain. But unlike the proprietary model, commercialization is achieved in the FOSS commercialization model without limiting the users in their capability to share, reuse and duplicate software freely.
Facebook was founded by Mark Zuckerberg in 2004 and was originally only available to Harvard students as an interactive college student network, but it soon expanded to many other college campuses throughout the United States. By September 2006, Facebook expanded outside of just educational institutions and became available to any person with a ...
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Commercialisation or commercialization is the process of introducing a new product or production method into commerce—making it available on the market.The term often connotes especially entry into the mass market (as opposed to entry into earlier niche markets), but it also includes a move from the laboratory into (even limited) commerce.
In 1947, Raytheon built the "Radarange", the first commercially available microwave oven. [19] It was almost 1.8 metres (5 ft 11 in) tall, weighed 340 kilograms (750 lb) and cost about US$5,000 ($68,000 in 2023 dollars) each. It consumed 3 kilowatts, about three times as much as today's microwave ovens, and was water-cooled.
Commercially bottled kombucha became available in the late 1990s. [42] In 2010, elevated alcohol levels were found in many bottled kombucha products, leading retailers including Whole Foods to pull the drinks from store shelves temporarily. [43] In response, kombucha suppliers reformulated their products to have lower alcohol levels. [44]
Commerce is the organized system of activities, functions, procedures and institutions that directly or indirectly contribute to the smooth, unhindered large-scale distribution and transfer (exchange through buying and selling) of goods and services at the right time, place, quantity, quality and price through various channels among the original producers and the final consumers within local ...