commodity product Meaning in the Cambridge English Dictionary Cambridge dictionaries logo

Meaning of “commodity product” in the English Dictionary

"commodity product" in Business English

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commodity productnoun [C]

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