the same product regardless who sells it
milk
commodity
Commodity = needs Product = quality In my POV, the commodity approach merely focuses on the consumers' demands whilst the product approach focuses on bringing consumer demand by creating a product that's of great quality.
The opposite of commodity could be a branded good or product. The opposite (alternative) of a physical commodity could be an intangible one such as a financial derivative.
the same product regardless who sells it
A commodity is something sold primarily on price rather than on some characteristic of the product. Because non-organic cow's milk is pretty much the same no matter where you get it, it is sold primarily on price and is therefore considered a commodity. Specialty milks--organic, lactose-free, flavored, from Jersey cattle--are sold on a particular characteristic of the product, so they're not commodities.
milk
'Got Milk' by Californian dairy producers is the most successful example of using branding to turn around a food commodity. Zespri kiwifruit out of New Zealand is another example of building value with admittedly a niche product in a commodity market.
commodity
Commodity = needs Product = quality In my POV, the commodity approach merely focuses on the consumers' demands whilst the product approach focuses on bringing consumer demand by creating a product that's of great quality.
The opposite of commodity could be a branded good or product. The opposite (alternative) of a physical commodity could be an intangible one such as a financial derivative.
The opposite of commodity could be a branded good or product. The opposite (alternative) of a physical commodity could be an intangible one such as a financial derivative.
A Commodity Product is any homogenous goods traded in bulk on an exchange. Example: 1.Corn 2.Oats 3.Rough Rice 4.Soybeans 5.Rapeseed 6.Soybean Oil 7.Wheat 8.Milk 9.Cocoa 10.Coffee 11.Cotton 12.Sugar
In general, Retail Industry - any Product can be defined in multiple ways ( hierarchy ) * Department * Sub-department * Class * Commodity * Sub-commodity
Product Commodity Regulatory Ordinance
Commodity