Commoditisation: related pages

Commodity

An undifferentiated product; one that can be bought in identical form from many suppliers giving no supplier a chance to sell at margins that would generate above normal returns.

Product differentiation

Making a product or service look different in the eyes of consumers.

Cross elasticity

Change in demand or supply of one good as a result of a change in something related to another product.

Fungible

A security or commodity is fungible if it is perfectly interchangeable with any other of the same type, class and issuer.