To transform goods or services into a commodity. This is often seen when a market moves from being monopoly-dominated to one that is in perfect competition. Because goods and services in a perfect competition have few differences, any product can be considered a commodity. also called commodification.

Use commoditize in a sentence

You should try and figure out how to commoditize a new product that will lead to greater profits in the future.

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We were successful in our efforts to commoditize and the result was the most profitable quarter we had seen in ages, much to the delight of the board.

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Even though my company invented the hoverboard, after our patents expired competition from China led to other companies trying to commoditize our product.

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