A product sold only on price, because the different sellers of it offer equal and interchangeable versions of it, is a commodity.
Let's say you, I and the supervisor of this forum all grow dent corn (the kind you make cornmeal from) for sale. There is not much, if any, difference between any two farmers' dent corn if it's grown in the same area, so I really can't go to market saying my corn's better than the supervisor's. We are therefore selling a commodity item.
OTOH, if we convert the corn into a product like tortillas, we no longer have a commodity item because there can be significant differences between two brands of tortillas.
commodity
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.
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
What the product is that is being shipped.
Enumerated commodity
enumerated commodity
commodity