commodity-type product

commodity-type product

a good or service which is highly standardized so that the offerings of competing suppliers are perceived by buyers as being virtually identical. Such products offer little scope for PRODUCT DIFFERENTIATION and are mainly sold on price. See PRODUCT LIFE-CYCLE.
Mentioned in ?
References in periodicals archive ?
It's very difficult for farmers to make a profit when they are growing a commodity-type product, whether corn (for livestock) or hay," says Christopher Markuson, director of the county's Department of Economic Development.
Pueblo green chiles taking root as a brand
A wide variety of commodity-type product has been coming in from China for years, but more often than not, today's goods made there are of superior quality and are attracting attention from high-end retailers.
DISH IT OUT; CHINA'S TABLETOP EXPORTS HAVE INCREASED DRAMATICALLY DUE TO A SUPERIOR PRODUCT
Being an importer of a commodity-type product like a vertical machining center or a knee mill is not in our sweet spot.
Meritage Sells Tree Machine Tool to Singapore-Based Excel
Retailers have done a fine job on the store brand side balancing product quality with price so far, especially when it comes to commodity-type products such as distilled white vinegar, apple cider vinegar and vegetable oil.
Oil And Vinegar Do Mix
These "indirect" characteristics can be used to differentiate very similar or commodity-type products and may be fertile ground for differentiation.
Customer purchase criteria and signaling
To meet the challenge of globalization, many producers are moving to more unique and customized products as a way to compete with the mass-produced, commodity-type products that are being imported," he says.
All the right components: manufacturers are using both internal manufacturing and outsourcing to meet the challenges of today's cabinet market
The move shifts Rockwell away from commodity-type products and into more specialized factory automation solutions that combine Rockwell hardware and higher-margined consulting services.
Baldor to acquire Rockwell's Power Systems
Companies that manufacture commodity-type products are less likely to be able to push through price increases because of the competition from private label," says Jay McIntosh, Americas director of consumer products for Ernst & Young.
Study tracks PL's impact on market

Financial browser ?
Full browser ?