Commoditisation: meaning, definitions and examples
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commoditisation
[ ˌkɒmədɪtaɪˈzeɪʃən ]
business
The process by which goods or services become undifferentiated from one another and the only distinguishing factor is price.
Synonyms
commoditization, homogenization, standardization
Examples of usage
- The commoditisation of technology products has led to fierce competition in the market.
- Globalisation has accelerated the commoditisation of various industries.
Translations
Translations of the word "commoditisation" in other languages:
🇵🇹 comoditização
🇮🇳 वस्तुकरण
🇩🇪 Kommodifizierung
🇮🇩 komoditisasi
🇺🇦 комодитизація
🇵🇱 komodytyzacja
🇯🇵 コモディティ化
🇫🇷 commoditisation
🇪🇸 comoditización
🇹🇷 metalaşma
🇰🇷 상품화
🇸🇦 تسليع
🇨🇿 komoditizace
🇸🇰 komoditizácia
🇨🇳 商品化
🇸🇮 komoditizacija
🇮🇸 vörufærsla
🇰🇿 тауарландыру
🇬🇪 საკომოდიტიზაცია
🇦🇿 malçılıq
🇲🇽 comoditización
Word origin
The term 'commoditisation' originated in the field of economics and business to describe the process by which goods or services lose their unique characteristics and become interchangeable with similar products in the market. This concept became more prominent with the rise of globalization and increased competition, leading to a focus on price as the primary differentiator. The commoditisation of products has implications for businesses in terms of pricing strategies, market positioning, and customer loyalty.