COMMODITIZE Meaning and
Definition
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Commoditize is a verb that refers to the process of transforming goods, services, or concepts into standardized, interchangeable products that can be offered and sold at a lower cost or with fewer distinguishing features. When something is commoditized, it loses its uniqueness or special qualities and becomes a generic item that can be easily compared and replaced by similar alternatives.
This term is often used in business and marketing contexts to describe the transformation of products or services into commodities, thereby reducing their value or differentiation. It involves streamlining production, cutting costs, and simplifying processes to create a standardized product that can be easily replicated or mass-produced. As a result, commoditized goods or services are typically more accessible to a wider audience, but they may also lack the individuality or customization that distinguishes them from competitors.
Commoditization can be both beneficial and detrimental, depending on the perspective. From a consumer standpoint, it often leads to lower prices and increased affordability, while businesses may see diminished profit margins and increased competition. This concept is particularly relevant in industries with intense competition and high levels of market saturation, where companies strive to differentiate their offerings to avoid falling into commoditization.
In summary, commoditize is the process of transforming goods or services into generic, standardized products that are easily replaceable and offer less differentiation.
Etymology of COMMODITIZE
The word "commoditize" is derived from the noun "commodity" with a suffix "-ize" attached at the end.
The noun "commodity" originated from the Latin word "commoditas", meaning "convenience, advantage, benefit". In English, it first appeared in the late 15th century and referred to merchandise or goods that can be bought, sold, or traded.
The suffix "-ize" comes from the Greek suffix "-izein", which is used to form verbs and means "to make" or "to become". It was commonly adopted in English in the late 16th century, following the practice of borrowing words from Greek and Latin roots.
As a result, when the suffix "-ize" is added to "commodity", the word "commoditize" is formed, meaning "to turn something into a commodity".
Conjugate verb Commoditize
CONDITIONAL
I
would commoditize
you
would commoditize
he/she/it
would commoditize
we
would commoditize
they
would commoditize
CONDITIONAL CONTINUOUS
I
would be commoditizing
you
would be commoditizing
he/she/it
would be commoditizing
we
would be commoditizing
they
would be commoditizing
CONDITIONAL PERFECT
I
would have commoditize
you
would have commoditize
he/she/it
would have commoditize
we
would have commoditize
they
would have commoditize
CONDITIONAL PERFECT CONTINUOUS
I
would have been commoditizing
you
would have been commoditizing
he/she/it
would have been commoditizing
we
would have been commoditizing
they
would have been commoditizing
FUTURE
I
will commoditize
you
will commoditize
he/she/it
will commoditize
we
will commoditize
they
will commoditize
FUTURE CONTINUOUS
I
will be commoditizing
you
will be commoditizing
he/she/it
will be commoditizing
we
will be commoditizing
they
will be commoditizing
FUTURE PERFECT
I
will have commoditized
you
will have commoditized
he/she/it
will have commoditized
we
will have commoditized
they
will have commoditized
FUTURE PERFECT CONTINUOUS
I
will have been commoditizing
you
will have been commoditizing
he/she/it
will have been commoditizing
we
will have been commoditizing
they
will have been commoditizing
IMPERATIVE
you
commoditize
we
let´s commoditize
to commoditize
PAST
I
commoditized
you
commoditized
he/she/it
commoditized
we
commoditized
they
commoditized
PAST CONTINUOUS
I
was commoditizing
you
were commoditizing
he/she/it
was commoditizing
we
were commoditizing
they
were commoditizing
PAST PARTICIPLE
commoditized
PAST PERFECT
I
had commoditized
you
had commoditized
he/she/it
had commoditized
we
had commoditized
they
had commoditized
PAST PERFECT CONTINUOUS
I
had been commoditizing
you
had been commoditizing
he/she/it
had been commoditizing
we
had been commoditizing
they
had been commoditizing
PRESENT
I
commoditize
you
commoditize
he/she/it
commoditizes
we
commoditize
they
commoditize
PRESENT CONTINUOUS
I
am commoditizing
you
are commoditizing
he/she/it
is commoditizing
we
are commoditizing
they
are commoditizing
PRESENT PARTICIPLE
commoditizing
PRESENT PERFECT
I
have commoditized
you
have commoditized
he/she/it
has commoditized
we
have commoditized
they
have commoditized
PRESENT PERFECT CONTINUOUS
I
have been commoditizing
you
have been commoditizing
he/she/it
has been commoditizing
we
have been commoditizing
they
have been commoditizing
