Commoditize

The act of making a process, good or service easy to obtain by making it as uniform, plentiful and affordable as possible. Something becomes commoditized when one offering is nearly indistinguishable from another. As a result of technological innovation, broad-based education and frequent iteration, goods and services become commoditized and, therefore, widely accessible.

In the past few decades, previously “modern” things such as microchips, personal computers – even the internet itself – have become essentially commoditized. Combinations of commoditized products such as computers and business software have in effect commoditized many processes, such as business accounting and supply chain management. In a truly capitalist society, the ability to commoditize anything is seen as a benefit to all, and opens up resources that can be put to better use on innovative enterprises.



Investment dictionary. . 2012.

Look at other dictionaries:

  • commoditize — (Amer.) v. turn something into a commodity (also commoditise) …   English contemporary dictionary

  • commoditize — • commoditize v. • commoditized adj. A great fear and apprehension in business is having your product or service become commoditized, or turned into Just Another Mediocre Piece of Junk [JAMPoJ to those in the know], completely undifferentiated… …   Business English jargon and slang

  • commoditize — transitive verb ( tized; tizing) Date: 1984 1. commodify; specifically to render (a good or service) widely available and interchangeable with one provided by another company 2. to affect (as a brand or a market) by commoditizing goods or… …   New Collegiate Dictionary

  • commoditize — verb To transform into a commodity; commodify is the more common term …   Wiktionary

  • commoditize — com·mod·i·tize …   English syllables

  • commoditize — …   Useful english dictionary

  • commoditizes — commoditize (Amer.) v. turn something into a commodity (also commoditise) …   English contemporary dictionary

  • commoditizing — commoditize (Amer.) v. turn something into a commodity (also commoditise) …   English contemporary dictionary

  • commoditized — • commoditize v. • commoditized adj. A great fear and apprehension in business is having your product or service become commoditized, or turned into Just Another Mediocre Piece of Junk [JAMPoJ to those in the know], completely undifferentiated… …   Business English jargon and slang

  • Коммодити — (Сommodity) Коммодитиз или биржевой товар, основные группы биржевых товаров Товары активно перепродаваемые на организованных рынках, этимология слова коммодити, известные товарные биржи Содержание >>>>>>>>>>> …   Энциклопедия инвестора

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”

We are using cookies for the best presentation of our site. Continuing to use this site, you agree with this.