commodity product Meaning in the Cambridge English Dictionary
Cambridge Dictionaries online Cambridge Dictionaries online

The most popular online dictionary and thesaurus for learners of English

Meaning of “commodity product” in the English Dictionary

"commodity product" in Business English

See all translations

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)
What is the pronunciation of commodity product?
Add Cambridge dictionaries to your browser to your website
Word of the Day

golden

made of gold

Word of the Day

Introducing a new author and a new weekly blog post!
Introducing a new author and a new weekly blog post!
by Cambridge Dictionaries Online,
August 27, 2015
The English language is constantly changing. You know that. But did you know that at Cambridge Dictionaries Online we keep track of the changes? We continually add new words and new meanings to our online dictionary for learners of English. Some of them are new to English entirely (neologisms), and some

Read More 

parklet noun
parklet noun
August 31, 2015
a public outdoor space that may be associated with a local business but where anyone can sit Pop-up cafes in NY are what’s actually called parklets in many other places around the country.

Read More