verb
- treating or converting something (such as a service, skill, or product) into a commodity that can be bought and sold in a market, often reducing its perceived uniqueness or value
Usage: present participle of commoditize; business and economics context
Examples
- The company is commoditizing software by offering it as a low-cost, standardized product.
- Critics argue that commoditizing healthcare reduces the quality of patient care.
- By commoditizing their services, the firm made them accessible to more customers but less profitable.
- The trend of commoditizing luxury goods has changed consumer expectations.
- Tech companies are commoditizing artificial intelligence tools for everyday use.
- Commoditizing education through online platforms has made learning more affordable.