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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.
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∙ 9y ago
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Milk is considered a commodity because it is which of the following?
the same product regardless who sells it
Is milk a commodity or a product?
commodity
Which is an example of a commodity?
milk
Why is lumber considered a commodity?
A commodity is any item which can fufuill a market desire or need. Lumber is considered a commodity because it can be bought and sold to fufill a desire or need in the economy.
What does commodity gold mean?
Gold is a commodity that can be sold and traded, just like any other commodity. Gold is considered a hard commodity because it is extracted from mining, instead of being grown.
What is californias number one produced commodity?
California's number one legal commodity is dairy products--milk, butter and cheese. California's number one commodity is marijuana, but you're not supposed to be growing that.
Is a television considered a commodity?
Yes, a television can be considered an example of a commidity. However, it's not a commodity in the stock market meaning of the term. A TV cannot be traded like a stock.
Product that is considered the same no matter who makes it or sells it?
Commodity
In the US oil is considered what?
Not sure exactly what the question means, but oil is considered a commodity.
What is a product that is considered a commodity?
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
Is milk considered life?
No, milk is not alive.
Is water the most important commodity?
Water is the most important commodity, without it life cannot be sustained.
