What CORPORATIONS fear is the phenomenon now known, rather inelegantly, as 'commoditization.' What the term means is simply the conversion of the market for a given product into a commodity market, which is characterized by declining PRICES and profit MARGINS, increasing COMPETITION, and lowered barriers to entry.

Author - James Surowiecki


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Posted on 10 Nov 2024, this text provides information on Commodity related to James Surowiecki. Please note that while accuracy is prioritized, the data presented might not be entirely correct or up-to-date. This information is offered for general knowledge and informational purposes only, and should not be considered as a substitute for professional advice.

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