Commoditize
Definition, Meaning & Examples
Part of speech verb
Quick meaning: Commoditize is a verb meaning (US, business, transitive, proscribed) To transform into a commodity, particularly of an existing product.
Meaning
(US, business, transitive, proscribed) To transform into a commodity, particularly of an existing product.
Example Sentences
IBM's goal was to commoditize the add-in market, which is a complement of the PC market, and they did this quite successfully.[…] Microsoft's goal was to commoditize the PC market. Very soon, the PC itself was basically a commodity, with ever decreasing prices, consistently increasing power, and fierce margins that make it extremely hard to make a profit.
Word Forms
- commoditizes
- commoditizing
- commoditized
- commoditise
Synonyms for commoditize
Depending on context, synonyms include commodify.
Related Words
Related dictionary entries include commoditise, commodify, consumerize, productize, commercialize, productise.
Related Dictionary Tools
Sources & Attribution
FreeDictionaryAPI.com / Wiktionary · Original source · CC BY-SA 4.0
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