commoditized

adjective
com·​mod·​i·​tized | \ kə-ˈmä-də-ˌtīzd How to pronounce commoditized (audio) \

Definition of commoditized

1 : made into a commodity … it takes a good from the commons, diminishes or degrades it, and then sells it back to us in commoditized form. Pollute our lakes and rivers and then sell us swimming pools and bottled water.— Jonathan Rowe specifically, of a product or service : widely available and interchangeable with one provided by another company Commoditized products are those things that everyone needs: clothes, toys, food, makeup, etc. These are the products that are sold by the big brands such as Target and Amazon.— Eric Samson
2 : affected by commoditizing goods or services A market is commoditized when competing products are effectively interchangeable and therefore customers make decisions based solely on price.— Chris Dixon Even if you're in a commoditized business like running a restaurant or selling coffee, you can still provide an extra level of service, ambiance and perks to make it worth it to your customers.— Gene Marks

First Known Use of commoditized

1976, in the meaning defined at sense 2

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The first known use of commoditized was in 1976

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Cite this Entry

“Commoditized.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/commoditized. Accessed 26 Oct. 2020.

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