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English definition of “commodity product”

commodity product

noun [C]    
COMMERCE, MARKETING a product that is the same as other products of the same type from other producers or manufacturers: Sugar is a commodity product and no one company has more chance of controlling its supply and price level than any of its rivals. It is difficult to differentiate and brand commodity products like wood or steel.
(Definition of commodity product noun from the Cambridge Business English Dictionary © Cambridge University Press)
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