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Commercializing: meaning, definitions and examples

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commercializing

 

[ kΙ™ΛˆmɜːrΚƒΙ™laΙͺzΙͺΕ‹ ]

Verb
Context #1 | Verb

business context

Commercializing refers to the process of bringing a product or service to the market. This involves transforming an idea or innovation into a profitable business venture, often through marketing and sales strategies. The goal is to convert a concept into a revenue-generating entity.

Synonyms

marketing, monetizing, promoting, selling.

Examples of usage

  • They are commercializing their new technology.
  • The startup is focused on commercializing sustainable energy solutions.
  • She worked on commercializing a groundbreaking health app.

Etymology

The term 'commercialize' originated from the word 'commerce,' which comes from the Latin term 'commercium,' meaning trade or business. The suffix '-ize' is used to form verbs indicating the action of making or becoming. Thus, 'commercialize' started being used in the English language in the mid-20th century, to describe the process of making a product or service available for sale. Over the decades, as businesses sought to expand and capitalize on new inventions and ideas, the need for a clear term to denote this transformation became more pronounced. The concept of commercializing has evolved alongside changes in technology and market dynamics, highlighting the increasing importance of innovation in driving economic growth.

Word Frequency Rank

Ranking #35,122, this word is encountered relatively rarely in everyday English. It might appear in literary works or specialized texts but isn't essential for general communication.